Serinus Energy spuds Moftinu Nord exploration well

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Serinus-Energy

More articles like this

Serinus Energy

Crude oil prices rise amid Middle East tensions

Crude oil prices started trade this week with a gain amid indications that the United States plans further military action in the Middle East and that the Yemeni Houthis have no plans to stop shooting at

Serinus-Energy

Oil nudges up as investors eye Mideast conflict

Oil prices edged up on Monday as traders watched for supply disruption risks in the Middle East following strikes by U.S. and British forces to stop Houthi militia in Yemen from attacking ships in the Red

Serinus Energy

Oil climbs over 2% on Mideast conflict

Oil prices climbed around 2% on Tuesday as the Middle East crisis and a Libyan supply outage pared the previous day’s heavy losses. Brent futures rose $1.48, or 1.9%, to $77.60 a barrel by 2:13 p.m.

Serinus Energy

Oil climbs on drop in Russia exports

Oil prices rose in Asian trade on Monday, rising nearly 1% in early trade, supported by lower exports from Russia and as attacks by the Houthis on ships in the Red Sea raised concerns of oil

Serinus Energy

Oil prices hold steady

Oil prices held steady on Monday as U.S. efforts to replenish strategic reserves provided support, though concerns persist about oversupply and softer fuel demand growth next year. Brent crude futures edged up 2 cents to $75.86

Serinus Energy

Oil prices rise with Brent benchmark above $80 a barrel

Oil prices rose on Tuesday with the Brent benchmark rising above $80 a barrel, supported by expectations that the OPEC+ producer group may deepen and extend output cuts due to concern over softer global demand. OPEC+,