Oil and gas exploration company Serinus Energy said that it is ahead of schedule with its exploration drilling program in Satu Mare and plans to drill the first well in late June or early July.
The statement from the company said that it plans to drill two wells sequentially into the Canar and Moftinu Nord separate natural gas prospects located near the Moftinu gas field and gas plant. Subject to the results of the first two wells Serinus Energy anticipates drilling a third well to complete this 2022 drilling program.
Serinus’ recently completed 2D seismic acquisition program has confirmed the attractiveness of these prospects. Permitting for these wells has commenced and is expected to be completed within the next few weeks.
The company also said it is fully funded for its 2022 capital program in Romania and Tunisia.
Satu Mare perimeter is operated by Serinus’ Romanian subsidiary Winstar Satu Mare. The company owns 100 % of the concession, after KMG International withdrew from the project in mid-2015 and assigned its 40 % stake to Winstar. The company first discovered natural gas within the perimeter in 2014.
