News Oil & Gas

Serica buys Spirit’s remaining North Sea assets

Serica Energy plc has bought Spirit Energy Ltd’s remaining 15% non-operated interest in the Cygnus gas field, and producing assets in the Greater Markham Area and Southern North Sea, for £98 million. DRILLING The transaction, comprising a headline consideration of £57m and £41m of decommissioning liabilities, has an effective economic date of 1 January 2025. The […]