Acquisition of Prax Upstream by Serica Energy
Sector: Raw Materials • Location: United Kingdom
Source: Offshore Engineer Magazine
Serica Energy has completed the acquisition of Prax Upstream (PUL) from Prax Exploration & Production following receipt of North Sea Transition Authority consent. The acquisition includes the Lancaster field producing around 5,900 boepd, which will cease production by mid-2026 when the Aoka Mizu FPSO leaves the area. Serica has also completed a farm-in for a 40% interest in the P2530 Licence from
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Serica Energy has completed the acquisition of Prax Upstream (PUL) from Prax Exploration & Production following receipt of North Sea Transition Authority consent. The acquisition includes the Lancaster field producing around 5,900 boepd, which will cease production by mid-2026 when the Aoka Mizu FPSO leaves the area. Serica has also completed a farm-in for a 40% interest in the P2530 Licence from Finder Energy, containing the Wagtail oil discovery and other exploration prospects. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |