In 2018, the Company became a leading UK mid-tier oil and gas company following the acquisition of BP, Total E&P, BHP and Marubeni's interests in the Bruce and Keith assets and BP's interest in the Rhum asset in the UK Northern North Sea.
Serica is also a partner in the producing Erskine field and is the development operator for the Columbus gas-condensate field, both located in the UK Central North Sea.
Serica’s main focus is on production and development in the UK North Sea, complemented by a portfolio of oil and gas exploration opportunities, including interests in offshore licence blocks in the UK North Sea and Namibia.
This diverse, balanced portfolio puts the Company in an excellent position for future growth, with revenue from our producing assets and the ability to move on other interests when opportunities arise.
* Net 2P reserves Bruce, Keith, Rhum and Erskine projected at 01/01/19 based on CPRs
** Based on 2P reserves