Serica Energy renews US-Iran sanctions waiver for North Sea oilfield
Serica (LON: SQZ) has renewed a sanctions waiver from the US Government over Iran’s stake in the Rhum oilfield in the UK North Sea.
Rhum
Production drives 88-fold profit surge at Serica Energy
Serica Energy (LON: SQZ) has seen its profits surge 88-times over year-on-year amid a boost to new production.
Petrofac wins contract extension for Serica’s BKR fields
Petrofac (LON:PFC) has secured a three-year contract extension with Serica Energy, covering maintenance services at its northern North Sea assets.
The Not-So-Dirty Dozen: Key North Sea hubs still producing in 2032
There are several hubs around the North Sea which will still be producing in a decade’s time – but 12 of these will be “key” thanks to their production upsides and emissions intensity, according to new research.
‘A bigger chance of failure than success’: Serica CEO downplays odds at North Eigg
The head of Serica Energy has downplayed the chances of success at its North Eigg exploration well due to be spudded later this summer, but maintains the prospect is a good one.
BP sells 5% stake in Serica Energy for £49.3 million
BP has sold its 5% stake in North Sea operator Serica Energy (LON: SQZ) for £49.3 million.
Serica restarts Rhum after subsea module fault
Serica Energy confirmed Thursday that production had resumed from its Rhum field, following an outage reported last month.
Frustration for Serica as Rhum field hit with production shutdown
Serica Energy (LON: SQZ) has said production at its Rhum field is not expected to restart for “at least two weeks” after a fault was identified with a subsea module.
‘Push on and do more’: Serica Energy looks to next level of North Sea investment
“A really opportune moment” beckons for Serica Energy, according to chief executive Mitch Flegg, with gas prices strong, new production online and, since the turn of the year, reaching a major milestone for its North Sea business.
Serica Energy CEO toasts strategy after gas spike means key projects ‘bore fruit’
Serica Energy’s chief executive has reaffirmed the company’s commitment to pursuing an “investment-led strategy” this year.
Serica kicks off production from R3 North Sea well, 16 years after it was drilled
Serica Energy has started production from its Rhum R3 well in the North Sea, 16 years after it was originally drilled by BP.
Serica says flow test puts third Rhum well at ‘upper end’ of expectations
Serica Energy said today it had overcome technical challenges to perform a flow test on the Rhum gas field's third production well in the northern North Sea.
Columbus ‘difficulties’ cost Serica £3million
Serica Energy has outlined “difficulties” in drilling the Columbus development in the North Sea, costing the operator £3million.
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.
Contract terminations drive troubled Awilco to losses of $156m
Drilling contractor Awilco crashed to pre-tax losses of $156 million in 2020, widening from a deficit of $30m in 2019 and driven by impairments and cancelled rig construction deals.
Updated: Serica Energy gets renewed US sanctions waiver for Rhum
UK oil and gas firm Serica Energy has managed to extend a US sanctions waiver for its Rhum gas field in the northern North Sea.
Serica Energy runs into ‘frustrating’ delays on Rhum project
Bosses at Serica said today that work to bring a third well at the Rhum field into production has run into “frustrating” and costly delays.
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 boss hails ‘extremely low cost base’ as firm stays in the black
Serica Energy’s boss said today that maintaining an “extremely low cost base” was a key factor in the company’s delivery of profits in the first half of 2020.
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 Energy’s 13m barrel Columbus project ‘likely’ to be delayed due to virus
Serica Energy’s 13million barrel Columbus gas project in the North Sea is facing potential delays due to the Covid-19 outbreak.
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 restarts Bruce platform after five-week shutdown over ‘deteriorated caisson’
Serica Energy has restarted its Bruce platform after a five-week shutdown following the discovery that an underwater structure had become “deteriorated”.
Serica books Awilco rig for Rhum well job
Awilco Drilling has signed a letter of intent with Serica Energy for the provision of WilPhoenix for a one well workover on the Rhum field.
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.