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Working interests in licences P2400 (Skerryvore) and P2634 (Fynn Beauly)

Location: United Kingdom

Source: Financial Conduct Authority (FCA)

AssetPrivate

Acquisition of 50% working interest in licence P2400 (Skerryvore) and 50% working interest in licence P2634 (Fynn Beauly) from Parkmead Group by Serica Energy plc. The transaction includes an initial consideration of £5 million, deferred payments of £9 million over three years, and contingent payments linked to development milestones. Following completion, Serica will hold 70% and become operator

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The project “Working interests in licences P2400 (Skerryvore) and P2634 (Fynn Beauly)” is an infrastructure initiative, located in United Kingdom. Taiyo aggregates data on it from Financial Conduct Authority (FCA).

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Description

Description

Acquisition of 50% working interest in licence P2400 (Skerryvore) and 50% working interest in licence P2634 (Fynn Beauly) from Parkmead Group by Serica Energy plc. The transaction includes an initial consideration of £5 million, deferred payments of £9 million over three years, and contingent payments linked to development milestones. Following completion, Serica will hold 70% and become operator of P2400 licence. The licences are offshore UK in the North Sea.

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100%

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