We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSerica Energy Regulatory News (SQZ)

Share Price Information for Serica Energy (SQZ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 192.70
Bid: 192.40
Ask: 192.80
Change: -1.50 (-0.77%)
Spread: 0.40 (0.208%)
Open: 192.90
High: 195.50
Low: 191.90
Prev. Close: 194.20
SQZ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Erskine Field Operations Update

15 Sep 2017 07:00

RNS Number : 8265Q
Serica Energy plc
15 September 2017
 

Serica Energy plc("Serica" or the "Company")

Erskine Field Operations Update

London, 15 September 2017 - Serica Energy plc (AIM: SQZ) provides an update on Erskine production operations.

 

The operator of the Lomond platform has advised a delay to the restart of Erskine production pending completion of repairs required to a caisson on the Lomond platform and receipt of approval to recommence from the operator of the Forties Pipeline System ("FPS"), through which Erskine liquids are transported to shore. It was expected that production would restart on or around 13 September but is not now expected until near the end of September, although an earlier date is possible.

 

The FPS approval process is customary for fields after shut-down but additional checks have been requested by the FPS operator following the treatment process used to clear wax deposits in the Lomond to Everest pipeline.

 

Following receipt of FPS approval and completion of the Lomond caisson repairs Erskine production is planned to be increased to full capacity to flush the Lomond to Everest liquids export pipeline and enable full monitoring of the results of the treatment process.

 

Serica's Executive Chairman, Tony Craven Walker, said:

 

"The monitoring required by the FPS operator and the need to undertake caisson repairs affects the restart of Erskine production but is not expected to materially affect forward production plans. The Company will announce the restart of production when this takes place and will provide a full update at the end of the month when we release our first half results".

 

Technical Information

The technical information contained in the announcement has been reviewed and approved by Clara Altobell, Head of Operations at Serica Energy plc. Clara Altobell (MSc in Petroleum Engineering from Imperial College, London) has over 20 years of experience in oil & gas exploration, production and development and is a member of the Society of Petroleum Engineers (SPE) and the Petroleum Exploration Society of Great Britain (PESGB).

 

 

Regulatory

 

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

 

Enquiries:

 

Serica Energy plc

Tony Craven Walker,

Executive Chairman

tony.cravenwalker@serica-energy.com

+44 (0)20 7487 7300

Peel Hunt

Richard Crichton

richard.crichton@peelhunt.com

+44 (0)20 7418 8900

Ross Allister

ross.allister@peelhunt.com

+44 (0)20 7418 8900

Instinctif

David Simonson

david.simonson@instinctif.com

+44 (0)20 7457 2020

Laura Syrett

laura.syrett@instinctif.com

+44 (0)20 7457 2020

George Yeomans

george.yeomans@instinctif.com

+44 (0)20 7457 2020

NOTES TO EDITORS

Serica Energy is an oil and gas exploration and production company with exploration, development and production assets in the UK and exploration interests in the Atlantic margins offshore Ireland and Namibia. Further information on the Company can be found at www.serica-energy.com.

 

The Company is listed on the AIM market of the London Stock Exchange under the ticker SQZ and is a designated foreign issuer on the TSX. To receive Company news releases via email, please contact serica@instinctif.com and specify "Serica press releases" in the subject line.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
UPDGGUGGBUPMPGC
Date   Source Headline
16th Apr 20242:00 pmRNSResults Date/Investor Presentation/CEO Change Date
26th Mar 202411:08 amRNSIssue of Shares and Total Voting Rights
7th Mar 20245:06 pmRNSPDMR Dealings
7th Mar 202411:35 amRNSPDMR Dealings
7th Mar 20247:00 amRNS2023 Year End Reserves and 2024 Production Update
29th Feb 20244:30 pmRNSTotal Voting Rights
26th Feb 20247:00 amRNSAcquisition of Interest in Greater Buchan Area
8th Feb 202411:32 amRNSPDMR Dealings
8th Feb 20247:00 amRNSPresentation to Sell-Side Analysts
7th Feb 20246:09 pmRNSPDMR Dealings
6th Feb 20246:17 pmRNSPDMR Dealings
5th Feb 20247:00 amRNSOperations Update
1st Feb 20242:25 pmRNSTotal Voting Rights
1st Feb 20247:00 amRNSChief Executive Officer change and Succession Plan
23rd Jan 20247:00 amRNSCompletion of New 6-year Borrowing Facility
29th Dec 20237:00 amRNSTotal Voting Rights
20th Dec 20231:25 pmRNSBLOCK LISTING SIX MONTHLY RETURN
20th Dec 20231:20 pmRNSBLOCK LISTING SIX MONTHLY RETURN
20th Dec 20231:15 pmRNSBLOCK LISTING SIX MONTHLY RETURN
20th Dec 20231:10 pmRNSBLOCK LISTING SIX MONTHLY RETURN
18th Dec 20237:00 amRNSNew US$525 million 6-year Borrowing Facility
6th Dec 20237:00 amRNSOperations and Organisation Update
30th Nov 20234:15 pmRNSTotal Voting Rights
23rd Nov 20237:00 amRNSAcquisition of Interest in Greater Buchan Area
21st Nov 20237:00 amRNSBoard Changes
31st Oct 20233:40 pmRNSTotal Voting Rights
31st Oct 20237:00 amRNSUKCS 33rd Round Licence Award
28th Sep 20232:10 pmRNSHolding(s) in Company
27th Sep 20234:30 pmRNSHolding(s) in Company
26th Sep 20232:50 pmRNSHolding(s) in Company
25th Sep 20234:32 pmRNSHolding(s) in Company
22nd Sep 20232:16 pmRNSIssue of Shares and Total Voting Rights
20th Sep 20237:00 amRNSHolding(s) in Company
19th Sep 20237:00 amRNSInterim Results
8th Sep 202311:25 amRNSNotice of Results and Investor Presentation
31st Aug 202311:56 amRNSTotal Voting Rights
25th Aug 20237:00 amRNSBlock Listing Six Monthly Return
18th Aug 20239:05 amRNSBlock Listing Six Monthly Return
16th Aug 20237:06 amRNSBLOCK LISTING SIX MONTHLY RETURN
11th Aug 20234:10 pmRNSBlock Listing Six Monthly Return
8th Aug 20239:40 amRNSBlock Listing Application
31st Jul 202312:55 pmRNSTotal Voting Rights
17th Jul 20239:54 amRNSBoard Changes
30th Jun 202312:12 pmRNSTotal Voting Rights
29th Jun 20232:30 pmRNSResult of AGM
29th Jun 20237:00 amRNSCorporate Presentations for AGM
31st May 202311:04 amRNSTotal Voting Rights
30th May 20234:52 pmRNSPublication of Annual Report & Notice of AGM
18th May 20233:09 pmRNSLong Term Incentive Plan Awards
12th May 20239:00 amRNSBlock Listing Application

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.