Serinus Energy PLC spudded the Moftinu Nord-1 exploration well on the Satu Mare concession onshore Romania Sept. 19, 2022, with the aim to connect the well to the Moftinu gas processing plant, utilizing existing capacity, the company said in a release Sept. 20.
Moftinu Nord prospect is on the northern flank of Carei basin, about 5 km northwest of the 15-MMcf/d gas plant.
The well will be drilled to a depth of 1,000 m, targeting four prospective hydrocarbon zones and seeking to discover further hydrocarbons on the migration path from Carei basin source kitchen, testing a different structure type than the recently completed Canar-1 exploration well.
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.