REG - Serica Energy PLC - Update on production at Triton FPSO

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RNS Number : 4134W  Serica Energy PLC  22 August 2025

 

22 August 2025

 

Serica Energy plc

('Serica' or 'the Company')

 

Update on production at Triton FPSO

 

Serica Energy plc (AIM: SQZ) announces the first lifting of oil from the
Triton FPSO since the resumption of production is underway.

 

Production continues to ramp up in line with the previously stated plan, with
the restart of production from certain wells on the Bittern field (Serica:
64.6%) having been followed by wells on the Evelyn (Serica: 100%), Gannet E
(Serica: 100%), and Guillemot West (Serica: 10%) fields being brought online.

 

Triton Hub production over the last two weeks has averaged 20,000 boepd net to
Serica, a figure that is set to rise as more wells come back onstream as part
of the planned start up sequence, including productive wells from the Bittern
and Gannet E fields. New wells drilled on the Guillemot North West (Serica:
10%) and Evelyn fields are also scheduled to be brought onstream for the first
time.

 

Total Serica portfolio production averaged over 50,000 boepd in the days ahead
of production ramping down at the Bruce Hub for the annual maintenance period,
which began as planned on 16 August and is scheduled to last for around 12
days.

 

Serica retains production guidance for the year of 33,000 to 35,000 boepd.

 

The technical information contained in the announcement has been reviewed and
approved by Fergus Jenkins, VP Technical at Serica Energy plc. Mr. Jenkins
(MEng in Petroleum Engineering from Heriot-Watt University, Edinburgh) is a
Chartered Engineer with over 25 years of experience in oil & gas
exploration, development and production and is a member of the Institute of
Materials, Minerals and Mining (IOM3) and the Society of Petroleum Engineers
(SPE).

 

-end-

 

Enquiries:

 

 Serica Energy plc                                                         +44 (0)20 7487 7300
 Martin Copeland (CFO) / Andrew Benbow (Group Investor Relations Manager)

 Peel Hunt (Nomad & Joint Broker)                                          +44 (0)20 7418 8900
 Richard Crichton / David McKeown / Emily Bhasin

 Jefferies (Joint Broker)                                                  +44 (0)20 7029 8000
 Sam Barnett

 Vigo Consulting (PR Advisor)                                              +44 (0)20 7390 0230
 Patrick d'Ancona / Finlay Thomson                                         serica@vigoconsulting.com

 

 

NOTES TO EDITORS

Serica Energy is a British independent oil and gas exploration and production
company with a portfolio of UKCS assets. Serica has a balance of gas and oil
production. The Company is responsible for about 5% of the natural gas
produced in the UK, a key element in the UK's energy transition.

 

Serica's producing assets are focused around two main hubs: the Bruce, Keith
and Rhum fields in the UK Northern North Sea, which it operates, and a mix of
operated and non-operated fields tied back to the Triton FPSO. Serica also has
operated interests in the producing Columbus (UK Central North Sea) and
Orlando (UK Northern North Sea) fields and a non-operated interest in the
producing Erskine field in the UK Central North Sea.

 

Serica has a two-pronged strategy for growth comprising investment in its
existing portfolio and M&A. Further information on the Company can be
found at www.serica-energy.com (http://www.serica-energy.com/) . The
Company's shares are traded on the AIM market of the London Stock Exchange
under the ticker SQZ. To receive news releases via email, please subscribe via
the Company website.

 

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