Serinus Energy announces start of gas production in Romania, at Moftinu

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Serinus Energy plc has announced on Friday that production has commenced at the Moftinu Gas Plant in Romania. Gas from the Moftinu 1003 production well has been flowed through the gas plant into the sales gas pipeline. The processed gas meets the water dew point and hydrocarbon dew point specifications set by the Romanian National Gas Transportation Company, Transgaz. The  Company  will  follow  a  conventional start-up program  whereby production  parameters and  plant performance will be stabilized, after which gas from the Moftinu 1007 wellwill be also be brought onto production and flowed through the gas plant, a release posted on the company’s website reads.

During the start-up and stabilization period gas will be sold on a daily basis. Following the start-up period, and once gas volumes are more regular,gas will be sold on a monthly basis as per the previously announced Gas Sales Agreement. Serinus  CEO  Jeffrey  Auld  commented: “This  is  an  extremely  important  milestone  for  Serinus.  Gas production, plant operation and the resulting sales of processed gas will be transformative for Serinus and the Moftinu region. The Company is proud of the efforts that its staff and the team at our Romanian EPC Contractor have put into this project to achieve this milestone”.

SerinusSerinus is  an  international  upstream  oil  and  gas  exploration  and  production  company  that  owns and operates projects in Tunisia and Romania.

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