Serinus Energy Inc. on Tuesday announced that a failure of the electrical submersible pump (“ESP”) for Well CS-3 on the Chouesh Es Saida Concession in Tunisia has resulted in a temporary loss of full production from this well.
Despite the diligent efforts of the Company’s Tunisian technical team, it has been determined that a replacement ESP will be required to bring this well back onto production.
The average daily production for the fourth quarter to date from this well has been 260 barrels of oil equivalent per day (“BOE/d”), with the total Company average daily production for the fourth quarter to date being 1,159 BOE/d.
The Company is now in the process of procuring a replacement ESP for the well and will provide further updates once a definitive timetable for the resumption of production from the CS-3 well has been determined.
