Serica Energy achieves first production from long-awaited Columbus development
UK oil and gas firm Serica Energy (LON: SQZ) has announced first production from its 14 million barrel Columbus field.
Mitch Flegg
Hedging losses and production outages dent Serica Energy profits
Serica Energy profits tumbled 90% in the first half of the year as its gas hedging position and planned outages took a toll.
Columbus ‘difficulties’ cost Serica £3million
Serica Energy has outlined “difficulties” in drilling the Columbus development in the North Sea, costing the operator £3million.
Serica on track to spud North Eigg in summer 2022, targeting more than 60m boe
Serica Energy is on track to drill the North Eigg exploration well in summer next year, its CEO has said.
Serica Energy extends life of Bruce field to 2030
Serica Energy has extended the life of its flagship Bruce field in the North Sea through to 2030.
Serica boss praises North Sea licensing decision, says ban wouldn’t have ‘floored’ firm
Serica Energy’s chief executive says the decision not to outlaw new North Sea exploration licences was “very important” in helping the industry “step back from the cliff edge”.
Preparations to drill North Eigg underway as Serica posts ‘strong balance sheet’ for 2020
Serica Energy has confirmed preparations are underway to drill the North Eigg gas prospect after strengthening its “financial and operational foundations” in 2020.
Serica kicks off drilling on Covid-delayed Columbus project
Serica energy has started drilling the development well for its 14million-barrel Columbus project in the North Sea, which was delayed by Covid.
Serica Energy kicks off work at Rhum R3 well, pushes Columbus back to late 2021
Serica Energy has started work to boost production at its Rhum field, while the 13million barrel Columbus project has been delayed to the second half of 2021.
Serica hunts for deals as majors look to rationalise portfolios
Serica Energy chief executive Mitch Flegg has said the North Sea oil and gas firm is on the hunt for acquisitions as majors look to “rationalise” their portfolios.
Serica Energy announces maiden dividend despite Covid-19
Serica Energy has announced its maiden dividend to “reward shareholders” despite the challenges of Covid-19.
Serica ‘resilient’ as it brings in Awilco rig to drill North Sea well
Serica Energy's boss has said his firm will "weather the downturn" as it executed a deal to bring in an Awilco rig to drill a North Sea field.
Life extension for Bruce, but end may ‘hasten’ for other North Sea fields
Cutting costs has added years to the life of Serica Energy’s Bruce platform, but other operators may need to "hasten" the end of some North Sea assets according to CEO Mitch Flegg.
Serica Energy hails ‘extremely good year’ as pre-tax profits nearly triple
Serica Energy has hailed “exceptional” results after nearly tripling its pre-tax profits in its first full year of operatorship for its Bruce, Keith and Rhum (BKR) assets in the North Sea.
Serica Energy can withstand ‘little setback’ of North Sea shutdowns, says CEO
Serica Energy’s boss has said the firm is “well equipped” to withstand the two-month shutdown of its main producing assets in the UK North Sea.
Serica wins ‘out of round’ North Sea licence
Exploration and production firm Serica Energy has announced an "out of round" North Sea licence award.
New waiver protects Serica North Sea field from US sanctions until 2021
North Sea operator Serica Energy has secured a way to protect its Rhum field from US trade sanctions until 2021.
Serica preparing to go to tender for Columbus project
Serica Energy has confirmed it is preparing to go to tender for key items for its North Sea Columbus development.
Serica team focused on assets
“Focus” is the mantra at Serica Energy’s new office in Aberdeen and it’s the word that chief executive Mitch Flegg keeps coming back to.