Serica Energy’s boss has said the gains squeezed by his team from North Sea fields acquired a year ago show smaller companies can be more efficient.
North Sea operator Serica Energy has secured a way to protect its Rhum field from US trade sanctions until 2021.
The Oil and Gas Authority has offered up fresh acreage near the Rhum field in the Northern North Sea.
Oil firm Serica Energy has announced a second deal in two days for stakes in the Bruce and Keith fields in the UK North Sea.
Serica Energy is closing in on two acquisitions after the US granted a waiver removing production obstacles on a UK North Sea field.
Serica Energy said today that the US had granted a conditional licence removing restrictions on production from a UK North Sea field.
The US has issued an interim licence to nullify restrictions on production from a UK North Sea field.
BP’s decision to delay work aimed at increasing production from the Rhum field because of US sanctions on Iran is “good news” for Serica Energy, analysts have said.
Serica Energy said today that it remains "fully committed" to buying BP's interests in a North Sea field co-owned by Iran.
Serica Energy’s acquisition of stakes in a North Sea field co-owned by Iran is likely to go ahead despite the US’s withdrawal from an international pact, an analyst has said.
A North Sea field being sold by BP could test US policy towards Iran, a news report said.