UK-based Serica Energy is looking to further expand its North Sea portfolio after ending last year on a high with its purchase of operating stakes in the Bruce, Keith and Rhum fields (BKR) from supermajor BP, writes Anamaria Deduleasa.
Serica, which also acquired additional interests in the fields from Total, BHP and Marubeni bringing its interests to 98% in the Bruce field, 100% of the Keith field and 50% of Rhum, saw a spike in its profits for 2018 amid the significant output boost.
