
Tuesday, July 28, 2015
Serinus Energy Inc. saw production resume at the Sabria Field in Tunisia. The field had been shut-in due to protests in the area, but not directed at the company.
Operating staff were able to safely shut-in the wells and the CPF. The company reported that the CPF is now operating and the wells have been restarted. Management expects that it will take several days for production rates to stabilize, but early indications are that the field will return to pre-shut-in levels.
Prior to the shut-down, the Sabria Field was producing approximately 1,550 boepd (gross).
Serinus said the protests were orderly and there have been no incidents.
Since that time, there has been a series of discussions involving local and central government officials, the protestors, ETAP, and company executives. The result is that the government has committed to several initiatives to increase employment and development in the Governorate of Kebeli where the Sabria Field is located.
Jock Graham, executive VP and COO of Serinus said, “We are very pleased that production has re-started at Sabria, particularly since it was done with the involvement and cooperation of the government, ETAP, other operators in the area and local community representatives. Sabria is stabilizing at rates similar to pre-shut-in levels, and we can now get back to the business of increasing production and recoverable reserves from this underdeveloped asset.”