Serica Energy plc has appointed Jérôme Schmitt to the board as a non-executive director with effect from 1 July 2022. Mr Schmitt worked for what is now TotalEnergies from 1992 to 2021 where his roles included group treasurer (2009-2011) and senior vice-president environment and sustainable development (2013-2016). More recently he was senior vice-president carbon neutral […]
Tag: Serica Energy plc
Serica urges fiscal stability for oil & gas industry as it looks to tax savings
Serica Energy plc today urged policy makers to encourage fiscal stability for the oil and gas industry as the company looks to tax savings for its North Sea operations. TAX SAVING The company made the comments today in its financial and production report for May 2022, following the Government’s Energy Profits Levy announced last month. […]
Serica increases May 2022 production and cash reserves
Serica Energy plc announced strong production and cash position for May 2022 from its gas operations in the UK North Sea. OPERATIONS More than 85% of Serica’s production is gas and its operated North Sea assets provide more than 5% of the UK’s gas production. The month of May saw net production average in excess […]
Serica stops Rhum production due to fault in subsea control module
Serica Energy plc said it had temporarily shut down Rhum production after identifying a fault in the subsea control module. PROGRAMME The company added that there were currently no safety or environmental issues associated with the fault. “A programme to replace the control module is being planned utilising a spare module held in stock. “This […]
Serica doubles cash on gas price and production rise
Serica Energy plc said it reached 85% production and doubled its cash following high gas prices and the introduction of Rhum R3 well and Columbus field in the North Sea. PRODUCTION In a corporate presentation for the year ended 31 December 2021, the company reported that the Rhum R3 well, put into production in late […]
Serica Energy reports 80% gas flow from Columbus
Serica Energy plc reported that hydrocarbons comprising 80% gas had started flowing from Columbus C1z development well into the Arran subsea system. CAPACITY The commingled Arran and Columbus production streams are being exported to the Shearwater platform for processing and onward export to the gas and liquid sales points. For the first 14 days from […]