Serica Energy plc
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Christopher Martin Cox
- Full Time Employees
- 242
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 48 George Street London GL United Kingdom W1U 7DY
- IPO Date
- Jun 25, 2008
- Website
- serica-energy.com
- Similar Companies
- Business
- Serica Energy plc is a British independent upstream oil and gas company focused on the exploration, development, and production of hydrocarbons in the UK Continental Shelf; it operates a balanced portfolio of 10 producing fields including the Bruce hub (98% interest with over 25 wells, three bridge-linked platforms, and subsea infrastructure tying in Keith at 100% and Rhum at 50%), Triton hub (eight oil fields via common infrastructure), Columbus gas-condensate development, Erskine, Orlando, Greater Buchan Area, Mansell, Skerryvore, and Fynn Beauly; the company sells gas, oil, and natural gas liquids primarily to UK markets with net production averaging around 27,000-28,000 boe per day in 2025, net 2P reserves of 117.5 million boe as of end-2024, and over 80% of output operated by Serica from its headquarters at 4th Floor, 72 Welbeck Street, London W1G 0AY, United Kingdom, where it was founded in 2005 and employs approximately 225 staff. Serica maintains a growth-oriented strategy emphasizing organic investments in existing assets such as subsea tie-backs (e.g., Belinda field approval), well optimizations, and mergers and acquisitions to diversify production and extend asset life. Recent developments include the September 2025 agreement to acquire 100% of Prax Upstream Limited (expected completion mid-December 2025, adding operatorship of Lancaster field at around 5,900 boe per day in West of Shetlands), October 2025 signing to purchase BP's stake in P111 and P2544 licenses encompassing the Culzean field (UK's largest offshore gas producer, valued at $232 million, closing end-2025 pending pre-emption), November 2025 farm-in for 40% interest in P2530 license (adding Wagtail discovery with c.8 million barrels net 2C contingent resources plus Marsh and Bancroft prospects), pending H1 2026 closings of 40% operated stake in Greater Laggan Area and Shetland Gas Plant from TotalEnergies plus Catcher and Golden Eagle interests from ONE-Dyas, completion of a new US$525 million six-year reserves-based lending facility in January 2024, March 2023 Tailwind Energy assets acquisition (Triton and Ninian hubs), and February 2024 Greater Buchan Area stake from Jersey Oil & Gas; the company also completed a share buyback program and plans a move from AIM to the Main Market of the London Stock Exchange post-2025 audited results.
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