Serica Energy Share Discussion Threads

[farmscan] 28/6/2018 09:19

Nicely timed top up by CFC yesterday, well done.

[oilretire] 28/6/2018 07:32

Errrm, jumped the gun a bit..... Could get a slap... When the production reaches the Shearwater platform facilities, it will be separated into gas and liquids and exported via the SEGAL line to St Fergus

[plasybryn] 28/6/2018 07:30

Hope we get some feedback from those attending. Been a difficult 6 months but hopefully this is the turning point.

[dunderheed] 28/6/2018 07:27

Yes noticed that sawney.
Here's hoping for some positive language in meeting today as well!

[sawney] 28/6/2018 07:25

Worth noting that they mention the BKR deal in this latest RNS, under notes to Editors...

and completion of acquisition is expected to take place late in the third quarter of 2018.

They wouldn't have put it in unless they were confident...?

[nigelpm] 28/6/2018 07:21

Very positive RNS. Onwards and upwards. Expecting an AGM statement RNS as well with hopefully some update on Rhum.

[bountyhunter] 28/6/2018 07:09

Columbus RNS, some good news at last :)

FDP submitted, approval expected by end of September.

[fardels bear] 27/6/2018 21:54

I think we should pat ourselves on the back a bit more than we have done for that FT O&G best award... Pat pat pat.And the team of course..

[captainfatcat] 27/6/2018 19:54

Fingers crossed for a solid ops update tomorrow.

[farmscan] 27/6/2018 16:25

So it was worth us all voting!

[rathean] 27/6/2018 13:06

Good find steelwatch that would explain the sustained buying of equi-amounts this morning. Anything positive from the agm should see us return to mid-60 levels until the Iran issue is resolved imo.

[steelwatch] 27/6/2018 11:34

From the Energy Voice link in the brief Press & Journal item:

Serica applies to develop Columbus field
Written by Mark Lammey - 20/06/2018 7:08 am

Serica Energy has taken another step in its quest to develop the Columbus field in the central North Sea.

The London-headquartered firm had been deciding whether to connect the field to Shell’s Shearwater platform or Chrysaor’s Lomond rig.

In April the company opted for the Shearwater route, citing a “clear commercial advantage”.

Columbus will be connected to a proposed pipeline between the nearby Arran field and Shearwater.

Today, Serica submitted a letter of application to give the Oil and Gas Authority “preliminary notification” of its proposals.

The application is supported by an environmental statement.

The public consultation will run for a month.

The field is thought to be capable of producing 12.6 million barrels of oil equivalent.

Production start-up is slated for the first half of 2021.

The Columbus subsea infrastructure will have a design life of at least 15 years and the economic field life is expected to be up to 14 years.

Serica, as operator, has a 50% stake in Columbus, Endeavour Energy has 25% and EOG Resources has 25%.

[steelwatch] 27/6/2018 11:15

rog - the Fram project has been on the cards for some time and will have been taken into account. This from last October:

[steelwatch] 27/6/2018 11:01

DANA PETROLEUM E&P
Arran
Field Type / Location / Water Depth (m) / First Production / Contact
Gas Condensate/23/11 / 80-90m / Q1/2021 / [e-mail]

Project Summary

The Arran gas condensate field is located in Blocks 23/11a, 23/16b and 23/16c of the North Sea UKCS. The development concept for Arran consists of two drill centres, Arran North and Arran South with two wells at each location. Both drill centres will be tied back to Shell UK Ltd Operated Shearwater ‘A’ platform via a new single 12” Pipe-in-Pipe pipeline connecting to the existing Scoter riser at Shearwater. The Project is currently tendering 5 packages of work:

- Mobile Drilling Unit

- Wellhead & Xtree systems

- Subsea Controls

- Subsea Umbilicals

- Subsea Pipeline and/or Facilities EPCI

The target for start of Project Execution is October 2018, with 1st Production estimated in February 2021

Last Updated: 21-JUN-2018 11:21:34
DANA PETROLEUM E&P

[captainfatcat] 27/6/2018 10:25

Little top up for me @ 55.8


Tick Tock

[bountyhunter] 26/6/2018 22:32

good point FB, I've corrected the oily slip up in my post 😀

[fardels bear] 26/6/2018 21:49

Way I see it we're not importing oil from Iran.. One, it's gas, and two, it's British gas.. I'll rephrase that...

[bountyhunter] 26/6/2018 21:29

...at least the IOC's 50% share of Rhum is NS gas as opposed to importing oil from Iran; even so a repeat of the escrow option may provide the best solution?

[pineapple1] 26/6/2018 18:05

The United States is pushing countries to halt imports of Iranian oil from November, a senior State Department official said on Tuesday, and it will not grant any waivers to sanctions, a hardline position the Trump administration says is meant to cut off funding to Iran.

Lets hope they don't take such a tough line with Rhum.
Still can't see the sanctions preventing the deal completing. A workaround will be worked out.
A delay is all i see as a possibility as the US sanctions have made the destination a winding road rather than a journey straight ahead.
imho

[fanshaw] 26/6/2018 17:42

Its looks like the market makers are keeping the lid on this,And accumalating

shares fof Thusday AGM possible rebound if news his good.

[rathean] 26/6/2018 16:17

That's my 10000 at 57.8, finally freed up some pennies elsewhere. Overall b/e now low 60s, very happy to add at this price.