Serica’s two-pronged strategy is to invest in our existing assets to unlock value and prolong their life whilst continuing to target future acquisition opportunities

Serica Energy was founded in 2004 and is now the 3rd largest UK-listed independent upstream oil and gas company with operations centred in the UK North Sea. In March 2023, Serica acquired the Tailwind assets, a combination of producing fields tied back to the Triton production hub and Ninian platform, plus some near-term development opportunities.  Along with our BKR, Columbus and Erskine producing fields, our combined portfolio has a more even split between oil and gas, and we have more diversified export routes.  Our combined net production is now expected to be sustained above 40,000 boe/d.

The oil and gas we produce every day contributes to the stability of our country’s energy security and we are committed to doing this with respect for the environment, our people and the communities that surround us. Our business supports a large, extended supply chain and provides excellent career opportunities for personnel at all levels where our inclusive culture encourages our people to be all they can be. Our financial strength allows us to focus on growth, both through acquisitions, and targeted investment in our existing assets to ensure we maximise their productive life.

Serica Today

11

producing fields

40,000 to 47,000boe/d

2023 net production guidance

200

staff

80%

of our production operated by Serica

carbon intensity below UK average