Serica holds an 18% non-operating interest in the Erskine field, located within the UK Central North Sea. Gas is transported via the CATS pipeline, and liquids via the Forties Pipeline System. The Erskine filed produces via a normally unmanned platform, with production being controlled from the nearby Lomond platform.
In addition to production, Serica or its predecessor company has been actively involved in UK exploration since 2001. The Company currently holds licences in the Central North Sea, which includes the Columbus Field planned for development and the Rowallan Prospect planned for drilling in 2018.
To date, Serica has participated in the drilling of seven wells offshore UK, of which five have encountered hydrocarbons, three in commercial quantities. In the majority of the wells in which Serica has participated, the cost of drilling has been wholly, or largely, paid for by companies who have farmed-in to Serica’s acreage thus spreading the risk and limiting the downside exposure to the Company.
|23/26a, 23/26b||Production||Partner||18%||Central North Sea||Erskine|
|22/19c||Exploration||Partner||15%||Central North Sea||Rowallan, Sundrum, Dundonald|
|23/16f & 23/21a (part)||Development||Operator||50%||Central North Sea||Columbus|
|113/22a||Exploration||Partner||20%||East Irish Sea|