Serica Energy plc has secured a 40% farm-in on the Wagtail oil discovery and the March and Bancroft exploration prospects, within licence P2530, for an initial $650,000. EXTENSION The agreement is with Australian-listed Finder Energy which currently holds the central North Sea licence with a 60% operated interest. Dana Petroleum holds the 40% balance. Serica […]
Tag: Triton FPSO
Serica resumes production from Triton
Serica Energy plc has resumed production from the Triton floating production storage and offloading vessel, following a suspension of operations at the end of last month. INCREASE An issue with the flare system temporarily halted production on 30 September until operator Dana Petroleum resolved the matter. “Production resumed in line with expectations at a limited […]
Serica further lowers guidance after new setback
Serica Energy plc has again lowered guidance after an “issue with the flare system” on the Triton FPSO temporarily suspended production from 30 September. ROBUST The company said that operator Dana Petroleum had advised that production was “likely to restart shortly”. Rates are expected to be “severely limited until the root cause of the problem […]
Serica cuts full-year guidance
Serica Energy plc has reduced full-year guidance following more issues with the Triton floating production storage and offloading unit, and intervention work in November on the Bittern field. COMPRESSORS The FPSO has a “vibration issue” within the compression trains, resulting in a “significantly reduced rate” of production. Partner and operator Dana Petroleum, which increased production […]
Serica increases production from Triton
Serica Energy plc has lifted the first oil from the Triton floating production storage and offloading unit since production resumed. GUIDANCE The company said that production continued to increase, beginning with certain wells on the Bittern (Serica: 64.6%), Evelyn (100%), Gannet E (100%), and Guillemot West (10%) fields in the UK central North Sea. “Triton hub […]
‘Teething issues’ slow Triton production
Serica Energy plc said that problems had slowed the increase to steady production at the Triton floating production storage and offloading unit, 120 miles east of Aberdeen. GUIDANCE The FPSO in the UK central North Sea produces oil and gas from the Bittern, Clapham, Pict, Saxon, Guillemot Area subsea facilities. Operator Dana Petroleum resumed production […]