Serica holds an 85% interest in a Petroleum Agreement covering four blocks and part blocks in the Luderitz basin. We completed a 3D seismic survey covering an area of 4,180 square kilometres and are looking to attract new partners to enter into a Joint Venture arrangement with us to drill an exploration well.
For more about our Namibia projects click here
Serica has a 5% working interest in the Sidi Moussa licence offshore Morocco and was carried by Genel for its share of the cost of drilling the first well on the licence up to a gross well cost of US$50 million. The well was drilled and tested in Q42014. During drilling the well recovered black oil to surface but the well was subsequently plugged and abandoned as uncommercial. In view of the licence operator not committing to drill a further well, the small materiality of a 5% interest and Serica’s view of the costs and benefits of retaining an interest, Serica is now in the process of relinquishing its interest in the licence.
For more about our Morocco projects click here
The Company currently holds licences in the Central North Sea, which includes; a 50% interest in the Columbus Field, currently planned for development; an 18% interest in the Erskine field, which produces gas and liquids transported through the CATS pipeline and Forties pipeline system and 15% in a material exploration prospect, Rowallan, planned for drilling in 2018.
For more about our UK projects click here
Serica holds 100% interests in two large swathes of blocks in the Atlantic Margin Rockall Basin and has undertaken considerable work reprocessing 2D and 3D seismic data to delineate fully the prospectivity of these blocks.
Further south in the Slyne Basin, we have a 100% interest in two significant drill-ready prospects in Licence 01/06, the Boyne and the Liffey prospects. The blocks are located 40 kilometres south of the Corrib gas field in conventional water depths of 180 to 280 metres.
For more about our Ireland projects click here
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