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Serinus ramping up in Tunisia after hiatus

London-listed junior re-starts operations after a two-year hiatus brought on by local unrest

UK-listed Serinus Energy is ramping up operations in Tunisia after a long hiatus due to years of social and political upheaval.

Serinus started the re-opening of the Chouech Es Saida field in the southern part of the country, by re-hiring employees, clearing roads, inspecting down hole equipment and consumable inventories, as well as tendering for services and site inspections.

In addition, the workover on the first well, CS-3, has been completed and production commenced in July.

The workover on the second well, CS-1, has also been completed with production kicking off this month. Wells CS-7 and CS-9 are also producing, Serinus said.

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Serinus experienced multiple delays at its project in Romania, as well, where full production kick off from the onshore Moftinu field in the northern part of the country was set back amid construction issues at the company’s gas plant.

The company had been waiting for a missing part to arrive from a contractor in Canada, however, in addition to the delays in arrival, the parts were also incomplete.

Serinus said it worked to complete the remedial work, test, transport and install the units before full testing and commissioning of the gas plant could commence.

“Given the delay in the fabrication and delivery of the units, the group has filed a lawsuit for more than $25.4 million in damages against Aval Engineering of Alberta and Kocken Energy Systems of Nova Scotia and certain of their directors and officers. The group is continuing to work with its legal counsel to pursue the lawsuit,” Serinus said.

Later this year, the company will start a planned 3D seismic survey on its Satu Mare concession under the third exploration phase.

Serinus said it also expects to drill the Moftinu-1004 appraisal well in early 2020.

Overall group production for the period increased 87% to 680 barrels of oil equivalent per day from 363 boepd in the first half of 2018, comprised of 372 boepd in Romania and 309 boepd in Tunisia.

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