Serica Energy has signed a contract for an Odfjell Drilling operated rig the Beacon Pacific to execute a multi-well, UK Continental Shelf drilling campaign.<\/p>\n
The campaign has the potential to add up to 30,000 barrels of oil per equivalent day (boepd) of incremental production, helping to sustain portfolio production of 50,000 boepd into the next decade.<\/p>\n
The Beacon Pacific is a sixth-generation, semi-submersible rig, upgraded for operations to a depth of 620 metres, capable of addressing Serica’s identified drilling opportunities, with the opportunity to also use the rig to undertake required plugging and abandonment activity.<\/p>\n
The contract encompasses a scope of six wells, along with further options for additional activity. Drilling is expected to commence during the third quarter of 2027, with the first wells drilled at the Bruce field since 2012, targeting more than 10,000 boepd of incremental production, with the potential for first production approximately 12 months from drilling commencing.<\/p>\n
Serica’s chief executive Chris Cox stated: “Securing the rig is an important milestone in delivering our organic growth programme.<\/p>\n
“Our first campaign will be at Bruce – the field’s first drilling programme in almost 15 years – where we are targeting high-return infill wells with the potential for rapid payback.<\/p>\n
“Utilising the Beacon Pacific also gives us the operational flexibility to progress additional opportunities across Kyla and the Greater Laggan Area, following partner and regulatory approval, maintaining momentum in our wider UKCS portfolio.”<\/p>\n
Serica currently operates assets that deliver around 10% of the UK’s gas production, and claims to have invested more than \u00a31bn in the UK supply chain since 2020, maintaining a broadly balanced output of oil and gas across its operations.<\/p>\n
Its key producing assets are grouped around two major hubs: the Bruce, Keith, and Rhum fields in the Northern North Sea – where Serica is the operator – and a mix of operated and non-operated fields connected to the Triton floating production storage and offloading unit in the Central North Sea.<\/p>\n
The company also holds a significant position in the Southern North Sea, including a 15% stake in the Cygnus field and 25% in Clipper South, as well as a position West of Shetland, including a 40% operated stake in the Greater Laggan Area offshore fields and associated Shetland Gas Plant.<\/p>\n","protected":false},"excerpt":{"rendered":"
Targeted opportunities have the potential to add up to 30,000 barrels of oil per day of incremental production<\/p>\n","protected":false},"author":278857,"featured_media":6082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"coauthors":[137126],"class_list":["post-8705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-featured-story","tag-north-east-scotland"],"yoast_head":"\n