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Serinus Energy Romania President on long-term plans in Romania

Alexandra Damascan-Armegioiu, President of Serinus Energy Romania, discusses with us about the recent developments of the Moftinu gas project as well as the future steps to achieve the company’s objectives in Romania.

During the first quarter of 2019, Serinus Energy finalised the construction of the Moftinu gas plant in Romania and brought the Moftinu gas field on production in April 2019. The Group was granted a twelve-month extension on the third exploration phase of the Satu Mare Concession in Romania until 28 October 2020 with the sole commitment to complete a 3D seismic acquisition program. Prior to the year’s-end, Serinus completed the permitting required to perform the 148km2 3D seismic acquisition program, which was expected to be completed in Q2 2020.

Serinus Energy plc (LON:SENX) is an international oil company with operations in Romania and Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.