News Oil & Gas

Serica notes stable production at Bittern B6

Serica Energy plc said production had stabilised from the Bittern field B6 well in the Triton Area, UK central North Sea. GUIDANCE On 11 September, the well began initial flowback to the Triton floating production storage and offloading vessel. Oil and gas are recorded at a combined gross rate of around 8,000 boepd, net 5,200 […]

News Oil & Gas

Serica to develop Belinda field

Serica Energy plc has received final regulatory approval to develop its 100% owned and operated Belinda field in the Triton area of the UK central North Sea. TRITON The company plans to drill the development well in the first half of 2025, before tying back the field to the Triton FPSO, with production due to […]

Company Moves News Oil & Gas

Serica appoints Chris Cox as CEO

Serica Energy plc has appointed Chris Cox as chief executive officer, effective from 1 July 2024. Chairman David Latin will end his temporary role as interim CEO on the same date. Mr Cox has more than 40 years’ experience in oil and gas in a wide range of roles with majors and independents. For the […]

News Oil & Gas

Serica starts up to 38m share buyback

Serica Energy plc has started its inaugural share buyback programme of up to 38,322,063 ordinary shares of US$0.10 each in the company for up to a maximum £15 million. STRATEGY The company’s shareholders authorised the programme at the 2023 general meeting. “The decision to initiate a buyback follows extensive discussions by the board,” said chairman […]

News Oil & Gas

Serica completes 30% acquisition of GBA licences

Serica Energy plc has completed its 30% non-operated acquisition in the Great Buchan Area licences P2498 and P2170 from Jersey Oil & Gas plc. DEVELOPMENT The GBA contains oil and gas accumulations 150km northeast of Aberdeen, and comprises the largest field Buchan, now renamed Buchan Horst, and Verbier. Project partners are now operator NEO Energy […]