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February 28, 2021
BUSINESS

Serinus Energy looking for fossil fuel in northern Romania

Romania’s fossil fuel reserves are prospected in all corners of the country. Thus, Canada’s Serinus Energy has announced that it has contracted a drill which will be used next month for exploration works on the plot of land it has leased in northwestern Romania, a press release informs.
Serinus, a company which own a direct participation of 60 per cent in the plot of land leased in Satu Mare, pointed out that it has signed a contract with Tacrom Drilling SRL, a subsidiary of Germany’s CAT GmbH, for the use of its Futura-3 drill in order to drill at a depth of 1,800-2,000 meters. The drilling will take place next month and based on its results the completion and testing of the wells is expected to take place in the first quarter of next year.
The plot of land leased covers a surface of 2,949 square kilometers and is located at Romania’s border with Hungary. Winstar Satu Mare SRL, a subsidiary of Serinus Energy, owns a direct participation of 60 per cent.
Serinus is an international oil and gas exploration and production company that has a diversified portfolio of projects located in Ukraine, Brunei, Tunisia, Romania and Syria.

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