Serinus Energy has announced that the CTF-004 rig has completed rig-up and commenced workover operations on the Sabria N-2 well in Tunisia. This operation will recomplete the N-2 well and remove any wellbore restrictions. This well was drilled in 1980 but was not able to flow oil to surface due to damage during completion. The N-2 is in close proximity to current Sabria producing wells, in particular the prolific WIN-12bis well. The workover and recompletion is expected to take approx. 30-40 days. Company engineering analysis estimates that a successful workover and recompletion will initially increase gross production from the Sabria field by approx. 420 boe/d.

Upon the recompletion of the N-2 well, the rig will be released.

Sabria is a large, conventional oilfield which the Company’s independent reservoir engineers have estimated to have approx. 445 million barrels of oil equivalent hydrocarbons originally-in-place, of which only 1.6 % has been produced to date.

KeyFacts Energy: Serinus Energy Tunisia country profile