Partnership
Production
Performance

Acquisition of interests in the Bruce, Keith and Rhum assets will transform Serica into a leading mid-tier British independent on the UKCS.

“Unlocking the value of Bruce, Keith and Rhum through focused operatorship to extend the life of the fields and increase Maximum Economic Recovery”

“Sharing upside potential with BP, while limiting Serica’s downside exposure, will further strengthen Serica’s ability to pursue further growth opportunities”

Our transformational deal

On completion of the acquisition, Serica will increase its existing production sevenfold, making the company the third largest quoted European independent on the UKCS by production.

FAQS TRANSACTION PRESENTATION

18.5k boepd

Bruce, Keith and Rhum production net to BP (H1 2017)

47 mmboe

Projected net 2P reserves at 01.01.18

over 85% gas

Bruce, Keith and Rhum hydrocarbon content

Above figures assume completion of Bruce, Keith and Rhum transaction, expected mid 2018