Romania, Explorations in Romania suspended by Serinus Energy

Last month, oil and gas exploration company Serinus Energy said that it has discovered gas during the drilling of the Sancrai-1 well in Satu Mare perimeter in Romania. However, further tests were unable to record the flow of gas in the selected zones.

Therefore, the company suspended explorations pending further technical studies to better understand the structure and evaluate the options available.

Last October, Serinus Energy announced that it was granted a 12-month extension for exploratory works in Satu Mare onshore perimeter. The extension was granted due to disruptions related to the coronavirus pandemic.

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.

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