Serinus Shuts-In Sabria Field Due to Social Unrest

Serinus Energy Inc. revealed that it has temporarily shut-in production at the Sabria field in Tunisia due to continued social unrest in the southern part of the country.

Protestors in the region are demanding employment and regional development initiatives from the government, blocking all roads leading to the southern oilfields of Tunisia in the process, including the company's Sabria field, according to a Serinus statement.

As a result of the road blockages, the company has been unable to ship its oil production to market and has resulted in the company filling its storage tanks at Sabria to capacity. It is unknown how long the production at Sabria will be shut-in, but Serinus says it has maintained open communications with the government and other oil producers to closely monitor the situation.

“It is the company's hope that a solution to the social unrest can be achieved as soon as possible and the oil production in the region can resume to the benefit of the country of Tunisia and all its citizens,” a Serinus Energy spokesperson said in a company statement



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