Serica Energy plc Bruce Platform Restart (3579F)
March 09 2020 - 03:00AM
UK Regulatory
TIDMSQZ
RNS Number : 3579F
Serica Energy plc
09 March 2020
Serica Energy plc
("Serica" or the "Company")
Bruce Platform Restart
London, 9 March 2020 - Serica Energy plc (AIM: SQZ) is pleased
to announce that production has restarted from the Bruce
platform.
As previously announced on 30 January 2020, production was
halted on Bruce whilst engineering work was carried out to secure
an unused caisson, which was found to be in a deteriorated
condition. The engineering work has been successfully completed and
production has restarted. It is anticipated that production from
the Bruce, Keith and Rhum fields will be fully restored over the
coming days.
Mitch Flegg, Chief Executive of Serica Energy, commented:
"We are delighted that we have been able to restart production
considerably sooner than we had initially predicted.
Our expert teams onshore and offshore have successfully executed
a programme of repairs during some of the most difficult weather
conditions experienced in the North Sea for several years. Together
with selected contractors we have completed these repairs safely
and with no environmental impact.
This work will have no negative impact on future production
rates or on the ultimate recovery of reserves from Bruce, Keith and
Rhum."
Regulatory
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
Enquiries:
Serica Energy plc +44 (0)20 7457 2020
Tony Craven Walker, Executive Chairman
Mitch Flegg, CEO
Peel Hunt (Nomad & Joint Broker) +44 (0)20 7418 8900
Richard Crichton / David McKeown / Alexander
Allen
Jefferies (Joint Broker) +44 (0)20 7029 8000
Tony White / Will Soutar
Instinctif Partners +44 (0)20 7457 2020
Mark Garraway / Sarah Hourahane / Dinara serica@instinctif.com
Shikhametova
NOTES TO EDITORS
Serica Energy is a British independent oil and gas exploration
and production company with exploration, development and production
assets in the UK and exploration interests offshore Namibia.
Serica is the operator of the producing Bruce, Keith and Rhum
fields in the UK Northern North Sea, holding a 98% interest in the
Bruce field, a 100% interest in the Keith field and a 50% interest
in the Rhum field.
Serica holds an 18% non-operated interest in the producing
Erskine field in the UK Central North Sea and a 50% operated
interest in the Columbus field for which development has been
approved by the OGA and has commenced.
Further information on the Company can be found at
www.serica-energy.com .
The Company's shares are traded on the AIM market of the London
Stock Exchange under the ticker SQZ and the Company is a designated
foreign issuer on the TSX. To receive Company news releases via
email, please subscribe via the Company website.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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