Serinus Energy plc (LON:SENX), has announced that the drilling of the Canar-1 exploration well in Romania commenced today.
The Canar-1 well will be drilled to a depth of 1,600 metres, targeting three prospective hydrocarbon zones. The Canar prospect is located on the northern flank of the Carei Basin, approximately four kilometres to the west of the Company’s Moftinu Gas Plant. The Canar-1 exploration well is seeking to discover further hydrocarbons on the migration path from the Carei Basin source kitchen. With success, production from this well will be connected to the Moftinu Gas Plant, utilizing existing plant capacity.
Serinus Energy is an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania.