Serica Energy plc said nominee Robert Lawson will join the board as a 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 Guillaume Vermersch, under the terms of the sales and purchase agreement. Mr Lawson spent 32 years […]
Tag: Serica Energy plc
Serica Energy appoints Michiel Soeting as NED
Serica Energy plc has appointed Michiel Soeting to the board as a non-executive director with effect from 1 February 2023. Mr Soeting has more than 30 years’ experience in the audit and financial service sector including 20 years in the oil and gas industry. He was former global lead partner and global head of energy […]
Serica joins top 10 UKCS producers with Tailwind acquisition
Serica Energy plc will join the top 10 producers on the UK Continental Shelf (UKCS) after it agreed to acquire Tailwind Energy Investments Ltd for £367 million. ASSETS Serica operates the producing Bruce, Keith and Rhum fields in the UK Northern North Sea, and the producing Columbus field in the UK Central North Sea. The […]
Serica yet to find commercial results in North Eigg
Serica Energy plc said it was yet to find commercial quantities of hydrocarbons during drilling the North Eigg exploration well in the UK North Sea. OPERATIONS The company drilled well 3/24c-6B to a total depth of 16,728 feet and encountered 16 feet of hydrocarbon-bearing sands. “These have confirmed the presence of hydrocarbons at a deeper […]
Serica faces six-week delay due to North Eigg equipment failure
Serica Energy plc faces a £3 million cost for an expected six-week delay in drilling due to equipment failure and mobilisation of a replacement at the North Eigg exploration well in the North Sea. TESTING The company said that operations had been progressing successfully despite some drilling delays in the top-hole sections. “During recent preparations […]
Serica and Kistos withdraw offers to merge
Serica Energy plc and Kistos plc today confirmed they would not make an offer to merge as one North Sea oil and gas company. REJECTIONS Serica said that on 12 July, Kistos rejected a possible offer from the company made on 8 July 2022. Serica added that subsequently it had been impossible to reach agreement […]