RISC completes Independent Reserves Report for Serica Energy’s North Sea assets

RISC was commissioned by Serica Energy to write an independent reserves report for its North Sea assets, using the reserve definitions in SPE Petroleum Resources Management System 2018 (PRMS).

RISC’s work was included as part of its financial reporting on AIM for year-ending 2020.

Serica operates the Bruce, Keith and Rhum assets in the UK Northern North Sea. Serica is also a partner in the producing Erskine field and is the development operator for the Columbus gas-condensate field, both located in the UK Central North Sea.. The Company is listed on AIM under the symbol “SQZ”.

Serica reported positive news that its production of approx. 8.1 million boe for the year largely offset by a 12% upgrade in reserves.

More information can be found in the 2020 Full Year Results and Outlook at https://www.serica-energy.com/

Serica Energy’s North Sea Assets

RISC has over 25 years of experience delivering Competent Persons Reports (CPRs), independent expert opinion, due diligence, and reserves and resources reports to organisations around the world. Our reserves reports are used worldwide to support project financing and filings to stock exchanges. This includes LSE, AIM, ASX. TSX, OSL, SGX, and others.

To view some of our most recent reports please visit the public reports section of the website.

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