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Serinus Energy, an international oil company with operations in Romania and Tunisia, has announced its Annual Financial Results for 2022 

The company generated net income of US$1.6mn, which includes a US$1.9mn asset impairment (31 December 2021 – net income of $8.4 million)

The company realised a net price of US$149.46/boe for the year ended 31 December 2022.

In Tunisia, the workover to install the first submersible pump for the Artificial Lift programme has commenced at the Sabria field. Plans for additional pumps in the Sabria field are being progressed.

Workovers in the Chouech Es Saida field continue the increased production from wells CS-3 and CS-1.

Production for the year averaged 889 boe/d, comprising:

Romania – 379 boe/d

Tunisia - 510 boe/d