Independent Investigation Results of Moftinu-1001 Well Control Incident
March 19 2018 - 5:00PM
Serinus Energy Inc. (“
Serinus”,
“
SEN” or the “
Company”) (TSX:SEN)
(WARSAW:SEN), announces the results of an independent investigation
of the loss of well control that occurred with the Company’s
Moftinu-1001 gas well on 18 December 2017 during operations to
prepare the well for production. The Board of the Company retained
RPS International to conduct the investigation, and the final
report submitted by stated the following conclusions:
In summary, the main conclusion for the well
blowout and resulting fire was due to an error in monitoring the
well fluid level during the well kill operation to remove the well
head and install the Blow-out Prevention Unit. It resulted in the
inability to detect a gas kick and maintain the appropriate fluid
level in the well.
In addition, the operation to install the
Blow-out Preventer after the removal of the Christmas tree was
significantly longer than such an operation normally takes due to
BOP installation problems. As such, there was no ability to
mechanically control the well from the surface, thereby resulting
in the blow-out.
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.:
+1-403-264-8877cbrackman@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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