Serica Energy plc’s chairman Tony Craven Walker will after 18 years’ service stand down from his post and the board at the end of the company’s general meeting in June. The announcement, made in Serica’s results for the year ended 2022, added that his successor will be David Latin who was recently appointed board non-executive […]
Tag: Serica Energy plc
Serica reserves rise from Triton infill wells and Bruce well work
Serica Energy plc announced an increase in oil and gas reserves based on results of independent estimates for the company and its acquisition Tailwind. RESERVES As at 31 December 2022, pro-forma proved plus probable (2P) reserves had risen to 130.4 mmboe compared with 104.0 mmboe on 31 December 2021. The net increase is more than […]
Serica Energy completes acquisition of Tailwind
Serica Energy plc confirmed it had now successfully completed its acquisition of Tailwind Energy Investments Ltd from Tailwind Energy Holdings LLP. FURTHER DEALS The company said it now had a balance of gas and oil production focused around the Bruce and Triton hubs in the UK North Sea, with more than 80% of production from […]
Serica to increase production with strong results from Gannet
Serica Energy plc welcomed a strong start to production from the Gannet GE-04 well, currently owned by its planned acquisition company Tailwind Energy Investments Ltd. PRODUCTION RATES Tailwind approved the combined Gannet E expansion project combined with Evelyn Phase 1 development in Q1 2021. The company drilled the GE-04 well in late 2022 and completed […]
Serica renews US sanctions licence for Rhum
Serica Energy plc has renewed its US licence and secondary sanctions for the North Sea Rhum field to allow companies to provide goods, services and support. TAILWIND The licence, shared 50-50 with Iranian Oil Company (UK) Ltd, grants permission to US, US-owned and non-US companies. Issued by the US Office of Foreign Assets Control (OFAC), the […]
Guillaume Vermersch nominated Serica NED
Serica Energy plc said nominee Guillaume Vermersch will join the board as non-executive director on completion of the company’s acquisition of Tailwind Energy Investments Ltd. Tailwind’s largest shareholder Mercuria Energy Group made the nomination, along with that of Robert Lawson, under the terms of the sales and purchase agreement. Mr Vermersch is Mercuria’s group chief […]