Diversified production

Serica’s other producing assets provide diversification and cash-generative production.

A mix of operated and non-operated assets in the UK North Sea that diversify Serica’s production and cash flows.

Production

5,900 boepd

in 2025

2P reserves

8.1 mmboe

as of 31.12.2025

2C resources

0.4 mmboe

as of 31.12.2025

Orlando

Serica 100% and operator

The Orlando field is located in licence P.1606 (UKCS Block 3/3b), approx. 11 km east of the Ninian field. The Orlando field development consists of a subsea tie-back of the single production well to the CNRI operated Ninian Central Platform. Production from Orlando, which averaged 2,000 boepd in 2025, is expected to cease in H1 2027.

Serica is entering the decommissioning phase for the Orlando Pipeline and associated subsea infrastructure. The first stage of this is the preparation of proposals for the decommissioning operations. The proposals cover the safe removal and decommissioning of the field’s pipeline and subsea infrastructure, including subsea installations and associated pipelines. Copies of the Decommissioning Programme, Comparative Assessment, and Environmental Appraisal are available by clicking on the text, and the public notice can be accessed here.

Columbus

Blocks 23/16f and 23/21a (part), Serica 75% (operator)

The Columbus development is located in the UK Central North Sea and produces from a gas condensate reservoir in the Forties Sandstone Formation. The development consists of a single horizontal well which runs along the central axis of the reservoir, drilled in the spring of 2021, and production commenced in November 2021. The Columbus well is produced via the Shearwater platform, exported to St Fergus via the SEGAL line and the condensate to Cruden Bay via the Forties Pipeline System. Production at Columbus was steady in 2025, averaging 1,300 boepd net to Serica.

Erskine

Blocks 23/26a, 23/26b, Serica 18%

Erskine is located in the UK Central North Sea.

The field, operated by Ithaca, is a high-pressure, high-temperature gas condensate field and was originally discovered in 1981. The production facilities comprise a normally unmanned platform located at Erskine with production handled and controlled from the Harbour-operated Lomond platform, 30 km to the north. The Erskine field produced consistently across 2025, delivering a rate of over 1,900 boepd net to Serica.

Catcher

Acquired from ONE-Dyas in June 2026, Serica has a 10% interest in the Catcher area, operated by Harbour Energy. The BW Catcher is an FPSO that is located 173km to the southeast of Aberdeen. The BW Catcher currently produces from 3 fields (Catcher, Varadero and Burgman).

Golden Eagle Area Development

Acquired from ONE-Dyas in June 2026, Serica has a 5.21% interest in the Golden Eagle Area Development, operated by CNOOC. The Golden Eagle Area Development (GEAD), Central North Sea, comprises the Golden Eagle, Peregrine, and Solitaire fields. It is located approximately 111 km northeast of Aberdeen, Scotland. Production began in late 2014.