Serica Energy Extends BP Asset Acquisition Completion Date by One Month
September 07 2018 - 5:51AM
Dow Jones News
By Oliver Griffin
Serica Energy PLC (SQZ.LN) said Friday that it has agreed with
BP PLC (BP.LN) to extend the completion of its acquisition of three
North Sea oil fields by up to one month, until early November.
In November 2017, Serica bought interests in the Bruce, Keith
and Rhum fields--together known as the BKR transaction--from BP for
52 million pounds ($67.2 million). The oil-and-gas company said the
extension is to allow outstanding regulatory and partner processes
to be completed.
The company said it and BP are working closely and are committed
to achieving this new timetable.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
September 07, 2018 05:36 ET (09:36 GMT)
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