Serica Energy acquires interest in North Sea field

Serica Energy plc (AIM: SQZ) has completed a transaction to purchase an 18% interest in the producing North Sea Erskine field from BP.

As a result Serica has acquired an 18% interest in UK blocks 23/26a (Area B) and 23/26b (Area B) containing the Erskine field, located in the UK Central North Sea, from BP Exploration Operating Co. Ltd. and Britoil Ltd. both wholly owned subsidiaries of BP plc.

The Erskine field is a producing gas and gas condensate field operated by Chevron. The partners in the field are now Chevron (operator with a 50% interest), BG (32% interest), and Serica (18% interest).

 

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