Serica Energy’s acquisition of stakes in a North Sea field co-owned by Iran is likely to go ahead despite the US’s withdrawal from an international pact, an analyst has said.
Serica Energy said today that production from the Erskine field would resume in September as work continues on a new export pipeline.
Serica Energy is set to create around 40 jobs for its new Aberdeen office off the back of a major North Sea deal with BP.
Serica Energy has decided to connect its North Sea Columbus field to Shell’s Shearwater platform.
Serica Energy has announced that a new pipeline is being constructed to solve reccurring issues with wax build-up at the Erskine field.
Serica Energy said was work was “well underway” to complete a deal for several BP North Sea assets, in announcing its end of year results.
Serica Energy said today that a way of permanently preventing blockages in a North Sea export pipeline was being "advanced".
Serica Energy today revealed that it would open new operational headquarters in Aberdeen this year.
Serica Energy today confirmed an investigation has been launched into the Erskine field after production was forced to shutdown.
North Sea industry faces being left short by hundreds of millions of pounds for a period due to the closure of a key pipeline, an analyst has said.
A North Sea field being sold by BP could test US policy towards Iran, a news report said.
BP’s sale of a package of North Sea fields to Serica Energy fits in with its North Sea strategy of focusing on its west of Shetland assets while offloading everything else, an analyst has said.
Serica Energy’s boss said yesterday that the firm needs to “spread the risk” beyond the Erskine field by developing its North Sea assets and beefing up its portfolio.
North Sea minnow Serica Energy this morning confirmed it was considering a handful of North Sea acquisitions.
Serica Energy announced today that production at the Erskine field resumed at the end of last week.
Serica Energy said today that the Erskine field's return to production had been delayed until the end of this month.
Irish independent Providence Resources has finally spudded exploration well 53/6-A on the FEL 2/14 licence in the southern Porcupine basin located to the west of Ireland.
North Sea firm Serica said it was on the acquisition trail despite a decline in turnover and profitability last year.
North Sea firm Serica this morning posted a group profit after tax of $10.8million.
It comes after a pipeline blockage forced the field to shut in March last year.
Serica Energy said production is now back on track after the Erskine field was interrupted by a blockage earlier this year.
Serica Energy has confirmed production has resumed from the Erskine field in the North Sea.
Oil and gas explorer Serica said today that the Erskine field was not yet ready to resume full-production due to on-going work on Shell’s Lomond platform.
Serica Energy said production has resumed from the Erskine field after a pipeline blockage.
Serica Energy reported its first annual profit since 2009 thanks to the North Sea's Erskine field.