News Oil & Gas

Serica plans to buy BP’s stake in Culzean field

Serica Energy plc plans to buy BP’s 32% non-operated working interest in UK central North Sea licences P111, containing the Culzean gas condensate field, and the adjacent P2544, for $232 million cash. WORLD-CLASS The purchase is subject to a 30-day pre-emption period during which Culzean partners – operator TotalEnergies holding 49.99%, and NEO NEXT (18.01%) […]