Serica operates assets that deliver over 10% of the UK’s gas production and has invested over £1 billion in the UK supply chain since 2020, with the appetite to invest further in basin that continues to deliver for the UK.
£1bn+
spent in British supply chain since 2020
10%
of UK gas production delivered by Serica
300+
employees in the UK
A leading UK North Sea operator
Serica has been producing oil and gas in the UK North Sea since 2014, growing since then to operate assets that deliver over 10% of the UK's gas production, a key contributor to the UK's energy security. With further acquisitions set to complete and production rising materially, Serica continues to grow its presence in the UK.
The North Sea: energy security, economic growth
70%
of UK energy demand is met by oil and gas, of which 50% of that flows directly from the North Sea to homes and businesses
200,000+
jobs are supported by the sector
13-15 bn
barrels of oil and gas equivalent estimated to be required in the UK by 2050, according to the Climate Change Committee
£200 billion
estimated to be generated for the UK economy by the North Sea, a figure that could rise by £150 billion should barrels be unlocked through a supportive fiscal and regulatory regime
3x
the carbon emissions to import LNG compared to domestic oil and gas
Serica has the capacity and desire to invest in projects that will help support the country’s essential energy needs with a robust and diverse portfolio. Barrels from the North Sea are subject to robust environmental regulation and can continue to produce significant value to the UK economy now and in the future including supporting a significant number of jobs across the UK.
