Irish independent Providence Resources has finally spudded exploration well 53/6-A on the FEL 2/14 licence in the southern Porcupine basin located to the west of Ireland.
North Sea firm Serica said it was on the acquisition trail despite a decline in turnover and profitability last year.
North Sea firm Serica this morning posted a group profit after tax of $10.8million.
It comes after a pipeline blockage forced the field to shut in March last year.
Serica Energy said production is now back on track after the Erskine field was interrupted by a blockage earlier this year.
Serica Energy has confirmed production has resumed from the Erskine field in the North Sea.
Oil and gas explorer Serica said today that the Erskine field was not yet ready to resume full-production due to on-going work on Shell’s Lomond platform.
Serica Energy said production has resumed from the Erskine field after a pipeline blockage.
Serica Energy reported its first annual profit since 2009 thanks to the North Sea's Erskine field.
Serica Energy said a little "imagination" is what is needed to secure its North Sea assets through the next decade.
$45 oil has been good to the Serica Energy chairman.