Serinus Energy PLC spudded the Canar-1 exploration well on the northern flank of Carei basin, about 4 km west of the company’s Moftinu gas plant in Romania.
The well will be drilled to a depth of 1,600 m, targeting three prospective hydrocarbon zones. The company is looking for additional hydrocarbons on the migration path from the Carei basin source kitchen. If successful, production from the well will be connected to the gas plant, utilizing existing capacity.
Serinus Energy plc (LON:SENX) is an international oil company with operations in Romania and Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.