Serinus Energy's Moftinu–1008 well was spudded in Romania on 16 January 2021.

Moftinu-1008 is planned to be drilled to a total depth of 1,000 metres and is expected to penetrate five gas-bearing sand formations, three of which are producing zones of the Moftinu–1007 well. Moftinu1008 is located approximately 1.4 kilometres to the northeast of the Moftinu Gas Plant and if drilling is successful, the well will be completed, tested and brought on-production through a flowline connection to the Moftinu Gas Plant.

The Company and its contractors have worked diligently to ensure that proper protocols are in place to deal with the uncertainty regarding the COVID-19 pandemic and Serinus remains confident the well can be drilled while maintaining safe protocols for all employees and contractors during the drilling programme. 

Moftinu discovery

The Moftinu discovery is a shallow-gas multi-zone field discovered by Serinus in 2014. Five unsuccessful legacy wells had been previously drilled on and around the structure during the 1970s, but it wasn’t until the acquisition of 3D seismic in 2012 that the structure and target reservoirs could be properly defined, primarily through the use of direct hydrocarbon indicators from seismic amplitudes. The 3D seismic program of 2012 was instrumental in accurately defining and de-risking the traps of the Moftinu discovery.

Hydrocarbons have been produced to surface at commercial rates, on test, in several legacy wells throughout the block. These discoveries represent significant low-risk exploration and development opportunities with the future application of modern geophysical techniques, well-log evaluations and drilling and completion technology.

KeyFacts Energy: Serinus Energy Romania country profile