Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
An announcement from Serica Energy ( (GB:SQZ) ) is now available.
Serica Energy reported its production figures for 2024, highlighting challenges faced in the second half of the year, particularly with the Triton FPSO operations due to reliance on a single gas export compressor. Despite setbacks, production averaged 34,600 boepd for the year. The company anticipates improved production rates in 2025, with new wells being brought online and plans to resume operations with two compressors at Triton. The company aims to optimize maintenance and production resilience, supported by a planned phased restart of Triton fields and upcoming drilling activities in the Guillemot North West and Evelyn fields, which are expected to enhance future performance.
More about Serica Energy
Serica Energy is a British independent oil and gas exploration and production company with a focus on the UK Continental Shelf (UKCS). The company holds a balanced portfolio of gas and oil production assets, contributing approximately 5% of the UK’s natural gas. Serica operates key assets in the Bruce, Keith, and Rhum fields in the Northern North Sea and has stakes in other fields tied to the Triton FPSO, among others. It follows a growth strategy focused on investment in its portfolio and mergers and acquisitions.
YTD Price Performance: 8.80%
Average Trading Volume: 1,408,970
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £574.3M
For an in-depth examination of SQZ stock, go to TipRanks’ Stock Analysis page.
