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Friday, March 20, 2020
Serinus Energy, in an operational update, says that its Tunisian staff were able to restart the EC-1 well in the Ech Chouech license area, bringing the number of producing wells to five in the Chouech area. Oil production from the wells continues to increase as the water cuts from the wells diminish. The company previously announced that the Chouech Es Saida field was restarted with production resuming from all four wells in August 2019.
Its operations at the Sabria field continue as normal. In January, the company performed a coil-tubing operation on the Win-12bis well in order to remove a potential blockage that was the suspected cause of lower production levels after the field was brought back on production following the shut-in from May to September 2017. Production from this well has been gradually increasing since the operation was successfully completed.
The company also reported that its producing operations across Tunisia and Romania have not been impacted by the COVID-19 pandemic. In response to the outbreak, the Serinus has instituted increased health monitoring of operations staff in both Romania and Tunisia and increased cleaning and disinfecting of operational workstations and staff hygiene protocols. The health and safety of our employees is our highest priority and the remote nature of our Tunisian field operations means that we routinely have medical staff at each of our facilities. That policy has been maintained and medical staff are monitoring the health and wellbeing of our field operators. In Romania we have implemented medical checks on our field staff and a doctor is attending the field once every two days. The gas plant is being routinely disinfected and increased cleaning protocols have been implemented. Our business unit leaders have confirmed that our field operations have been adequately stocked with consumables.
The company has adopted additional protocols for the protection of our staff and stakeholders which follow the advice of local government and health authorities in our various operating areas. Given this advice the company has adopted a work from home policy where possible. The geographically disparate nature of our business means that the company is very experienced working remotely and we believe that the procedures and infrastructure are in place to minimize disruptions. All corporate and business unit staff are in constant contact and continue to carry out their duties effectively.
Serinus has also begun discussions with its lender, the European Bank for Reconstruction and Development (‘EBRD’) to assess the impact of the current situation and examine options available to manage through this period of uncertainty. The company will provide an update as and when appropriate.
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