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North Sea-focused oil and gas firm Serica Energy PLC on Wednesday said the B6 well in a North Sea field is producing at a ‘stable rate’. Serica shares were up 4.3% to 141.04 pence each in London on Wednesday morning. The well at the Bittern field is producing oil and gas at a combined rate of 8,000 barrels of oil equivalent per day, 5,200 of that is net to Serica. The well is part of the Bittern field in the UK Central North Sea. Serica has just under a 65% stake in the asset. Operator Dana Petroleum Ltd holds roughly a third, while Waldorf Production UK Ltd has a 2.4% stake. Serica said its total portfolio is currently producing at a rate of 50,000 boped, leaving it on track to meet its guidance. The firm last month said annual output will be at the bottom end of a 41,000 to 46,000 boepd guidance range, due to ‘unplanned downtime at the Triton hub’. In addition, Serica said drilling and completion work on the Gannet GE-05 well have concluded. Serica wholly-owns the asset, also located in the North Sea. ‘Data collected during drilling have shown encouraging results, and production is expected to commence around the start of November,’ it added. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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