11th Feb 2020 13:28
(Alliance News) - Serinus Energy PLC on Tuesday said the Moftinu - 1004 well in Romania flowed 6 million standard cubic feet per day of gas during flow test.
The oil and gas explorer, which also has operations in Tunisia, said the Romanian well was drilled to 1,000 metres and has five gas-bearing zones. The company completed three deeper zones of the well and intends to exploit the remaining two shallower zones in the later life of the well.
The well has been put on a five-day pressure build-up after which the company intends to tie the well into the completed flowline connecting to the Moftinu gas plant.
The Moftinu gas field was discovered by Serinus in 2014 and was brought onto production in April 2019.
Serinus Energy shares were down 2.4% at 10 pence each in London on Tuesday.
By Tapan Panchal; [email protected]
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