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Greater Laggan Area Acquisition and Development

Sector: Oil and Gas • Location: Shetland, Scotland, United Kingdom

Source: Offshore Engineer Magazine

Project
Completed

Serica Energy has acquired a 40% operated interest in the Greater Laggan Area and associated infrastructure from TotalEnergies. The acquisition includes operated license interests in four near-field exploration blocks and establishes a new operated hub for Serica with current net production of over 5,000 barrels of oil equivalent per day. The project offers multiple organic growth opportunities in

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The project “Greater Laggan Area Acquisition and Development” is an infrastructure initiative in the Oil and Gas sector, located in Shetland, Scotland, United Kingdom. Taiyo aggregates data on it from Offshore Engineer Magazine.

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Participants

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Description

Description

Serica Energy has acquired a 40% operated interest in the Greater Laggan Area and associated infrastructure from TotalEnergies. The acquisition includes operated license interests in four near-field exploration blocks and establishes a new operated hub for Serica with current net production of over 5,000 barrels of oil equivalent per day. The project offers multiple organic growth opportunities including the Glendronach tie-back, infill drilling at the Tormore field, and exploration across four licenses, as well as third-party business at the Shetland Gas Plant.

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High

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100%

Source

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