Serica Energy Plc

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Market Cap:
£320.49 m
119.80 GBX
52 weeks high
52 weeks low

In brief

Serica is a British-based independent upstream oil and gas company with operations centred on the UK North Sea where we have the full range of exploration, development and production assets.  The main focus is on building a portfolio of properties where the Company can utilise its technical, commercial and operating capabilities to add value to existing producing assets as well as to explore and develop new reserves.

The Company has proved the success of this model through our producing asset, Erskine, in which we are a partner with Ithaca and Chrysaor.  On 30th November 2018 we completed the acquisition of interests in the Bruce, Keith and Rhum fields where we also took over as field operator.  These fields are a mixture of late-life and mid-life, largely gas producing assets where further investment can enhance recovery and extend field life.

The Company has the finance, scale, range of operations and technical expertise to both operate and to partner other companies.  We seek to expand the value of our business whilst spreading risk and limiting downside exposure, both through partnerships and through asset transactions.

With an experienced Board and Management, Serica has the knowledge, reputation and capabilities to drive for value led growth both organically and through value enhancing acquisitions, building on synergies from our existing assets.

Serica is quoted on the London AIM market under the ticker SQZ.