Candax Reports on Ezzaouia Remedial Work in Tunisia

By Staff,

Shutterstock photo

Candax Energy (CAX.TO) reports that the remedial campaign on Ezzaouia has been successfully completed by the operator Maretap, a 50/50 joint venture managed by ETAP (the Tunisian national oil company) and Ecumed (100% subsidiary of Candax).

The five month campaign included remedial actions conducted on several Ezzaouia wells in order to eliminate scale deposit in the production tubing and at the jet pump level. Five producer wells are now back in production and Ezzaouia-1 is expected to resume production in the second half of December.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks:

More from MT Newswires


MT Newswires

MT Newswires

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by