Serica is a British independent upstream oil and gas company with operations focused on the UK North Sea, where our assets span the full cycle of exploration, development and production. Our main aim is to build a portfolio of assets which enables the Company to utilise its technical and commercial experience to add value to existing producing assets, as well as to explore and develop new reserves.
The Company has proved the success of this model through our producing asset, Erskine, in which we are a partner with Chevron and Chrysaor. We have recently completed the purchase of interests in the Bruce, Keith and Rhum fields, where we have taken over as field operator. Further investment will enhance recovery and extend field life of these fields, which are a mixture of late-life and mid-life, largely gas-producing assets.
The Company has the finance, scale and technical expertise to both operate and partner on a range of assets.
We seek to expand the value of our business, whilst spreading risk and limiting downside exposure, through both partnerships and asset transactions. With an experienced Board and Management, Serica has the knowledge, reputation and capabilities to drive for value-led growth both organically and through value enhancing acquisitions, building on synergies from our existing assets.
Serica is quoted on the London AIM market under the ticker SQZ.