In 2018, the Company became a leading UK mid-tier oil and gas company following the acquisition of BP, Total E&P, BHP and Marubeni's interests in the Bruce and Keith assets and BP's interest in the Rhum asset in the UK Northern North Sea.
Serica is also a partner in the producing Erskine field and is the development operator for the Columbus gas-condensate field, in the UK Northern North Sea and Central North Sea, respectively. Serica is also a partner on the licence for the Rowallan prospect, a large structural closure with net prospective resources estimated by Serica to be 20-60 mmboe (P50-P10 range). The Rowallan well is targeted to spud in mid-December 2018.
Serica’s main focus is on production and development in the UK North Sea, complemented by a portfolio of oil and gas exploration opportunities, including interests in offshore licence blocks in the UK North Sea, Ireland and Namibia.
This diverse, balanced portfolio puts the Company in an excellent position for future growth, with revenue from our producing assets and the ability to move on other interests when opportunities arise.
* Net 2P reserves Bruce, Keith, Rhum and Erskine projected at 01/01/18 based on CPRs
** Based on 2P reserves