Serica operates assets that deliver over 10% of the UK’s gas production and has invested over £1 billion in the UK supply chain since 2020, with the appetite to invest further in a basin that continues to deliver for the UK.
>£1bn
spent in UK supply chain since 2020
10%
of UK gas production delivered by Serica
300+
employees in the UK
The UK North Sea: energy security, economic growth
70%
of UK primary energy demand is met by oil and gas of which 50% is from the UK North Sea
180,000+
jobs are supported by the sector
13-15 bn
barrels of oil and gas equivalent estimated to be required in the UK by 2050, according to the Climate Change Committee
85%
of UK homes rely on gas for heating and hot water
3x
the carbon emissions to import LNG compared to domestic oil and gas
96%
of UK transport sector is fuelled by oil and petroleum products
Serica has the capacity and desire to invest in projects that support the country’s essential energy needs. Barrels from the UK North Sea are subject to robust environmental regulation and produce significant value to the UK economy now and in the future, supporting many jobs across the UK.
