The most expensive road infrastructure contract in Romania has been awarded to the Turkish consortium Makyol Insaat Sanayi Turizm VE Ticaret AS – Ozaltin Insaat Ticaret VE Sanayi AS This concerns the section Poarta Sălajului – Zalău – Nuşfalău of the Transylvania Highway A3 which also includes the construction of the Meseş Tunnel the longest tunnel on a highway in Romania The contract is valued at 6.62 billion lei (excluding VAT) the most expensive road infrastructure contract in Romania was awarded With a value of 6.62 billion lei (excluding VAT) this contract also includes the construction of the Meseş tunnel (2.89 km) which will be the longest tunnel on a highway in Romania,” announced the Minister of Transport Astăzi a fost atribuit cel mai scump contract de infrastructură rutieră din România!Cu o valoare de 6,62 miliarde de… „The largest road infrastructure contract in the history of the National Company for Road Infrastructure Management CNAIR – the section Poarta Sălajului – Zalău – Nuşfalău of the Transylvania Highway A3 which includes the construction of the Meseş Tunnel being the Consortium MAKYOL INSAAT SANAYI TURIZM VE TICARET A.S – OZALTIN INSAAT TICARET VE SANAYI A.S (Turkey),” said Secretary of State Irinel Scrioşteanu The Turkish consortium that won the contract has 78 months at their disposal (18 months for design 60 months for execution) for the construction of the 41 km sections Poarta Sălajului-Zalău and Zalău-Nuşfalău (Transylvania Highway) can start within ten days if no appeals are lodged and after the legal deadline for their submission (10 days) the contract signing procedure can commence," said Scrioşteanu The contract involves designing and executing 41 km of highway as well as the longest road tunnel in the country - the Meseş Tunnel (2.89 km in length) which will be designed for a speed of 120 km/h and will ensure the crossing of the Meseş Mountains The tunnel will be located in the southwest area of Zalău Municipality in Sălaj County (Zalău and Românaşi) The estimated value of the contract is 6.62 billion lei and the funding source is provided by non-repayable European funds through the Transport Program 2021-2027 Serinus Energy announces that the Moftinu Gas Project in Romania has achieved 1,000 accident-free days of continuous operation The Board of Directors and Management of the Company offer their congratulations to the Romanian Team on reaching this milestone The Satu Mare Concession (729,000 gross acres, Serinus deemed 100% WI) is one of the largest exploration blocks in Romania lying on a prolific oil and gas trend in the Eastern Pannonian Basin Satu Mare possesses a wealth of different plays that are actively producing along the same trend including: shallow amplitude-supported gas reservoirs; conventional siliciclastic oil reservoirs; and fractured-basement oil and gas reservoirs The Moftinu gas field was brought onto production in April 2019 The Satu Mare concession is on trend with numerous commercial oil and gas fields There are four areas of interest for future exploration and development prioritized as follows: (1) the Berveni AOI which possesses near-term exploration and development potential from shallow amplitude-supported gas plays; (2) the Santau-Madaras AOI which represents near- to medium-term exploration potential in stratigraphic and structural traps with previously uncommercialized oil discoveries; (3) the Nusfalau AOI which is a long-term exploration opportunity for large accumulations of stratigraphically trapped oil similar to Suplacu de Barcau (162 MM BOE recoverable); and (4) the Babesti AOI which is a long-term exploration opportunity for large gas accumulations in deep stratigraphic and structural traps The Moftinu discovery is a shallow-gas multi-zone field discovered by Serinus in 2014 Five unsuccessful legacy wells had been previously drilled on and around the structure during the 1970s but it wasn’t until the acquisition of 3D seismic in 2012 that the structure and target reservoirs could be properly defined primarily using direct hydrocarbon indicators from seismic amplitudes The 3D seismic program of 2012 was instrumental in accurately defining and de-risking the traps of the Moftinu discovery Additional near-term low-risk exploration potential has been identified in areas immediately adjacent to the Moftinu development These opportunities share the same reservoir Hydrocarbons have been produced to surface at commercial rates in several legacy wells throughout the block These discoveries represent significant low-risk exploration and development opportunities with the future application of modern geophysical techniques well-log evaluations and drilling and completion technology