Serinus concluded drilling operations for Moftinu – 1003 well
Serinus Energy has announced that the drilling of the Moftinu – 1003 well has concluded, achieving the total planned depth of 1,600 metres. The well was drilled ahead of schedule and approximately 19% below budget.
The drilling rig has been released and a snubbing unit has been mobilized to perform the well completion and testing operations, which have commenced. Log analysis undertaken during the drilling operations have identified six gas-bearing Pliocene zones across 5 stratigraphic zones. In addition to the A1, A2, and A3 sands that have been previously tested in the Moftinu – 1001 and Moftinu – 1007 wells, the well logs also indicate potential gas zones that have never been tested. These untested zones are the Lower A2, the A2.1, and the A2.2.
- A1 Sand formation was intersected from 874.5m to 890.0m
- Lower A2 Sand was intersected from 813.5 m to 816.0m
- Upper A2 Sand (previously referred to as the A2 Sand) was intersected from 799.0m to 805.0m
- A2.1 Sand was intersected from 772.0m to 773.0m
- A2.2 Sand was intersected from 752.0m to 754.0m
- A3 Sand formation was intersected from 727.5m to 731.0m
The 3 shallower gas bearing zones, which includes the previously tested A3, may be produced from this wellbore at a later date.
The Company plans to perforate and test the A1, lower A2 and upper A2 Sands during completion and testing operations on the Moftinu – 1003 well.
It is expected that the completion and testing operations will last approximately two weeks. The Company has allowed additional testing time to allow sufficient pressure build-up of the producing zones.
The flowline to move gas from the Moftinu-1003 well to the Moftinu Gas Plant has been permitted and procured and will be constructed in the coming weeks.
About Serinus
Serinus is an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania.
