Moftinu-1001 Well Brought Safely Under Control
January 08 2018 - 12:40AM
Serinus Energy Inc. (“
Serinus”,
“
SEN” or the
“
Company”) (TSX:SEN)(WARSAW:SEN) reports that
it has been successful in safely bringing the Moftinu 1001 gas well
back under control. As previously released, the loss of control of
the well occurred at 1:49am EET on Monday 18 December 2017, during
routine operations to prepare the Moftinu 1001 well for future
production. During that operation an unexpected gas release
occurred and subsequently ignited.
Safety Boss, the well control experts, have been
on site since 20 December 2017 and have worked diligently since
that time to clear the site of damaged rig equipment in order to
gain the required access to the well-head that allowed for the well
control operation to be performed. The Romanian Ministry of
Emergency Situations (“IGSU”) was also on site and provided
valuable assistance, including the provision of water pumping
equipment and fire trucks.
The Company will now move forward with an
independent investigation of the incident and evaluate the well
workover requirements to prepare the well for production.
The Company is pleased to have the well safely
back under control and would like to express its profound gratitude
to the many people and contractors whose tireless work assisted the
Company in its efforts. Those involved included Safety Boss, IGSU,
ISU Satu Mare, ISU Maramures, ISU Bihor, ISU Bistrita, ISU Cluj,
ISU Timis, ISU Salaj, the Mayor and people of Moftinu, the Prefect
of the Satu Mare County, the National Agency for Mineral Resources
Special thanks to Dr. Raed Arafat – in charge of the Emergency
Situation Department, acting as State Secretary within the Ministry
of Internal Affairs, for his valuable assistance and support. The
Company was also active in keeping the local communities informed
of the progress of the operation and expresses its gratitude for
their patience and understanding.
The Company has been in continuous contact with
its Insurance Broker and the appointed Insurance adjustor in
regards to the incident and to the insurance coverage and
claim.
About SerinusSerinus is an
international upstream oil and gas exploration and production
company that owns and operates projects in Tunisia and Romania.
For further information, please refer to the
Serinus website (www.serinusenergy.com ) or contact the
following:
Serinus Energy
Inc.Calvin BrackmanVice President, External
Relations & StrategyTel.: +1-403-264-8877
cbrackman@serinusenergy.com |
Serinus Energy Inc.
Jeffrey AuldChief Executive OfficerTel.:
+1-403-264-8877 jauld@serinusenergy.com |
|
Translation: This news release has been
translated into Polish from the English original.
Forward-looking Statements
This release may contain forward-looking statements made as
of the date of this announcement with respect to future activities
that either are not or may not be historical facts. Although the
Company believes that its expectations reflected in the
forward-looking statements are reasonable as of the date hereof,
any potential results suggested by such statements involve risk and
uncertainties and no assurance can be given that actual results
will be consistent with these forward-looking statements.
Various factors that could impair or prevent the Company from
completing the expected activities on its projects include that the
Company's projects experience technical and mechanical problems,
there are changes in product prices, failure to obtain regulatory
approvals, the state of the national or international monetary, oil
and gas, financial , political and economic markets in the
jurisdictions where the Company operates and other risks not
anticipated by the Company or disclosed in the Company's published
material. Since forward-looking statements address future events
and conditions, by their very nature, they involve inherent risks
and uncertainties and actual results may vary materially from those
expressed in the forward-looking statement. The Company undertakes
no obligation to revise or update any forward-looking statements in
this announcement to reflect events or circumstances after the date
of this announcement, unless required by law.
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