LONDON, April 23 (Reuters) - Serica Energy intends to
maintain its dividend in 2020, its CEO said on Thursday after
the North Sea energy producer announced its first-ever payout
following a rise in 2019 profit.
CEO Mitch Flegg said, however, that Serica's 2020 drilling
programme is under review due to coronavirus-related movement
restrictions and supply chain difficulties.
As a result, Flegg said its planned Columbus field
development will likely be pushed into next year, while Rhum 3
well drilling remains on track to start at the end of 2020.
(Reporting by Ron Bousso; editing by Jason Neely)
Serica Energy (SQZ)
