Serinus Energy has entered a contract with Tacrom Drilling SRL, which will provide its Rig #3 for the upcoming two well drilling program in the Satu Mare license in northwest Romania, according to a news release.

The first well, Moftinu-1001, is expected to spud on or about Nov. 8, pending the rig's release from its current job. Moftinu-1001 will be followed immediately by Moftinu-1002bis. The two wells are expected to take about 45 days in aggregate to drill and case, including time for the rig move between the two locations, the release said. Each will test seismically-defined gas prospects at depths of about 1,800 m (5,906 ft) to 2,000 m (6,562 ft). Pending success, completion and testing of both wells is anticipated during first-quarter 2015. The wells are operated by Winstar Satu Mare SRL, a wholly-owned subsidiary of Serinus.

The Satu Mare license covers 765,000 acres in northwest Romania bordering Hungary, in which Winstar Satu Mare holds a 60% working interest. The concession contains a significant number of oil and gas tests including the Santau oil pool, and the company has developed more than 50 leads and prospects, the release said.

Rig #3 (Futura-3) was refurbished in 2013 and has since successfully drilled 11 wells ranging in depth from 1,300 m (4,265 ft) to 1,800 m (5,906 ft), according to the release.