The oil company Serinus Energy said Monday it has completed workover operations on the Sabria N-2 well in Tunisia.
Serinus is an upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania. Sabria is a large conventional oil field estimated by independent reservoir engineers at Serinus to contain approximately 445 million barrels of oil equivalent hydrocarbons originally in place, of which only 1.6% has been produced to date.
Serinus said the workover was completed on time and on budget, despite 3.5 days of downtime due to high winds. She added that the Compagnie Tunisienne de Forage team performed well and that the CTF-004 rig experienced no material downtime.
Serinus said it mobilized surface testing equipment to the wellsite to assess production from the well, after successfully removing restrictions from the well and replenishing it.
Test results will be announced as soon as the testing program is completed.
Shares of Serinus were down 4.7% to 4.05 pence each in London late morning Monday.