Oil firm Serica Energy today completed the acquisition of stakes in three North Sea fields from energy giant BP.
The US has issued an interim licence to nullify restrictions on production from a UK North Sea field.
Serica Energy’s boss said yesterday that the North Sea oil firm “could not afford” to miss out on its latest acquisition.
Serica Energy has officially applied to develop the Columbus field in the central North Sea. The London-headquartered firm had been deciding whether to connect the field to Shell’s Shearwater platform or Chrysaor’s Lomond rig. In April the company opted for the Shearwater route, citing a “clear commercial advantage”. Read more on Energy Voice here.
BP’s decision to delay work aimed at increasing production from the Rhum field because of US sanctions on Iran is “good news” for Serica Energy, analysts have said.
Serica Energy said today that it remains “fully committed” to buying BP’s interests in a North Sea field co-owned by Iran.
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.
Shares in Serica Energy nosedived after the firm said it was “evaluating the implications” of Donald Trump’s decision to pull the US out of the Iran nuclear deal.
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 today revealed that it would open new operational headquarters in Aberdeen this year.
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.