About Operations Responsibility Investors Media Careers Contact Dynamic Innovative Independent Home About Us Serica is debt free with strong cash flows from production Operating high-quality assets Serica is a British independent upstream oil and gas company with operations centred on the UK North Sea with a range of exploration and production assets. At the start of 2021 Serica has approximately £90 million in cash, no debt and limited decommissioning liabilities. Serica operates the Bruce, Keith and Rhum fields in the UK Northern North Sea. Serica also operates the Columbus Field as well as holding an interest in the Erskine field in the Central North Sea. Net production for Serica in 2020 was around 23,800 boe/d. In 2022, Serica plans to drill its 100% owned and operated North Eigg exploration prospect, an analogue and close neighbour to the Rhum field. SERICA PRIDES ITSELF ON BEING RESILIENT, RESPONSIBLE AND REWARDING ITS STAKEHOLDERS Resilience Delivered both pre and post-tax profits in 2020 despite low commodity prices and COVID-19 Retained strong balance sheet, no debt and limited decommissioning liability Managed robust hedging strategy to weather fluctuating oil and gas prices Responsibility Outstanding HSE performance Acted on environmental emissions tracking, benchmarking and reduction Delivered ESG performance improvements Actively working to be part of the UK energy transition Reward Paid maiden dividend of 3p per share and paid 3.5p for 2021 Investing in future growth projects; R3, Columbus and North Eigg Extended field life projections for BKR and added reserves Increased share of BKR cashflow in 2022, rising from 60% to 100% OVER 80% OF OUR PRODUCTION IS NATURAL GAS, A KEY ELEMENT OF THE UK'S ENERGY TRANSITION Over 80% of our production is natural gas, which has significant environmental advantages over other fossil fuels. Gas is a key element of the UK’s Energy Transition, and we are committed to building a sustainable future, both through driving asset efficiency with technology and innovation, and by investing in the region, creating new job and training opportunities, and engaging actively with Aberdeen’s business community. Performance results 2021 Half Year Results Read more Environmental Performance Read our ESG Report Our Portfolio Reports & Presentations News Find out more about careers at Serica Come and join us Read more About Operations Responsibility Investors Media Careers Privacy Policy Legal Disclaimer Boiler Room Scams Modern Slavery Statement Contact 48 George Street London W1U 7DY 44 (0) 20 7487 7300 H1 Building Hill of Rubislaw Anderson Drive Aberdeen AB15 6BY 44 (0) 1224 978400 info@serica-energy.com Sign up for News Updates Email Address Name