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 […]
Tag: UK Continental Shelf (UKCS)
OGA tells operators to reduce flaring-venting
Greenhouse gases from oil and gas flaring and venting on the UK Continental Shelf need to be further reduced, said the Oil and Gas Authority (OGA). Although some operators have lowered emissions, the volume of gas flared and vented in oil and gas production last year was equivalent to 3% of all the natural gas […]
UKCS production losses fall 25% as efficiency rises
The UK Continental Shelf (UKCS) last year saw an improved production efficiency for the seventh consecutive year and for 2019 reached 80%, three years ahead of the 2022 target. REGIONS Figures from the 2019 Production Efficiency Report by the Oil and Gas Authority (OGA) show an increase of five percentage points from 2018, with every […]