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 one of the top 10 UK producing oil and gas companies. In March 2023, Serica acquired the assets of Tailwind Energy, a combination of producing fields tied back to the Triton production hub and Ninian platform, plus some near-term development opportunities.  Along with the BKR, Columbus and Erskine producing fields, Serica's combined portfolio has a more even split between oil and gas, and more diversified export routes. Combined net production in 2024 is expected to be around 41,000 boe per day and net 2P reserves are over 140 million boe (as of end 2023).

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.

Company Purpose

The Company’s purpose is to contribute responsibly towards meeting the world's energy needs through the safe and efficient production of hydrocarbons.

Serica Today

11

producing fields

c.41,000boe/d

2024 net production guidance

140 million boe

Net 2P reserves
(as at 31 December 2023)

200

staff

80%

of our production operated by Serica