Serica Energy revises production Guidance

Serica Energy has revised its production outlook for 2025 following operational difficulties at the Triton floating production facility, operated by ...

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Serica Energy has revised its production outlook for 2025 following operational difficulties at the Triton floating production facility, operated by Dana Petroleum.

The updated guidance now ranges from 29,000 to 32,000 barrels of oil equivalent per day, compared with the initial forecast of 33,000 to 35,000 barrels.

Production from the Triton FPSO has fallen sharply, attributed to a vibration problem within the facility’s compression trains. Repairs are under way, and Serica expects that normal operations will resume by the end of September, once both compressors are back online.

In August, the company reported net production from Triton exceeded 25,000 boepd, with scope to increase output as further wells are brought online.

Dana Petroleum has also confirmed that subsea intervention work on the Bittern field- previously postponed until 2026- will now proceed in November 2025.

This three-week campaign will halt production not only from Bittern but also from the Evelyn and Gannet fields due to shared infrastructure, temporarily reducing Serica’s net production by more than 20,000 boepd over the period.

Serica Energy is a leading independent UK operator, providing around 5 per cent of the country’s natural gas. Its asset base includes the Bruce, Keith and Rhum fields in the northern North Sea, with additional operated and non-operated interests tied back to the Triton FPSO and other North Sea fields.

In the statement, Serica said: “Work on the Bittern field subsea infrastructure, which is scheduled to take three weeks to complete, is to address an emerging vulnerability.

“The work scope had previously been removed from the outage in summer 2025 and was expected by Serica to be completed in 2026, but the operator has now confirmed that it will take place in November this year.

“Given the location of the pipework, in addition to the Bittern field this will also halt production from the Evelyn and Gannet fields, resulting in a temporary reduction of over 20,000 boepd net to Serica.”

Looking ahead, Serica will continue to pursue growth through investment in its portfolio and targeted acquisitions.

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