Page 2 - North Eigg News Today

Serica Energy is to re-evaluate its drilling operations after results of the North Eigg exploration well came in under expectations.

UK North Sea-focused oil company Serica Energy said Monday that its North Eigg well in the North Sea had encountered hydrocarbons…

Profits at North Sea independent Serica Energy surged by 88-fold in the first half of the year as the company capitalised on high gas prices with a…

Serica Energy has announced its financial results for the six months ended 30 June 2022.

Serica Energy has encountered issues during the drilling of the North Eigg exploration well offshore UK.

Serica Energy has encountered issues during the drilling of the North Eigg exploration well offshore UK.

New tax reliefs effectively gives producers a free hit when it comes to exploration.

Serica Energy has provided an update on the North Eigg exploration well, located north of the Serica-operated Rhum field. Drilling operations have encountered delays and, following a recent equipment failure, operations are now expected to take some six weeks longer to complete than the original schedule.

The stock rose 5pc, or 18p, to 375p after the group turned down a £1.2bn offer from energy investment firm Kistos. The bid is higher than a previous £1bn offer Kistos made.

THE board of North Sea-focused Serica Energy has “unanimously” rejected a revised takeover proposal from energy investment firm Kistos,…