Serica Energy plc continued with its environment, social and governance (ESG) targets as it achieved a reduction of flaring and emissions at its North Sea operations during 2020. The company said it was intent on building a portfolio of assets which would make a positive contribution to the Net Zero transition and reduce carbon intensity. […]
Tag: Serica Energy plc
Serica 2020 profits plunged but operations continued
Serica Energy plc’s pre-tax profits for 2020 plummeted due to low oil prices and Bruce caisson shut-in but the company managed to continue operations. No Covid-19 cases or injuries were recorded and the company avoided furloughing staff and government assistance programmes. Serica also continued to make progress with its environment, social and governance policies with […]
Serica spuds Columbus development well
Serica Energy plc has spud the Columbus 23/16f-CDev1 development well in the UK Central North Sea. INFRASTRUCTURE On 17 March, the Maersk Resilient heavy duty jack-up rig began drilling to a target total depth of 17,600ft, and will include a 5,600ft horizontal section. Drilling is expected to take around 70 days. The Columbus development area […]