Serica Energy PLC 2023 AR2

The report highlights Serica Energy's performance in 2023, marked by the completion of the Tailwind Energy acquisition, which significantly diversified and scaled its portfolio. The company achieved a 179% reserve replacement ratio, increasing its 2P reserves to 140.3 million boe and production to 40,100 boe/d on a proforma basis. In terms of sustainability, Serica achieved its lowest Scope 1 carbon intensity on BKR assets since becoming operator in 2018, with Bruce hub emissions at 16.4 kgCO2/boe. Additionally, the company joined the UN's OGMP 2.0 initiative to enhance methane emissions reporting and mitigation, while continuing to align with the North Sea Transition Deal targets.

Company: Serica Energy PLC

Sector: Energy

Country: United Kingdom

Year: 2023

Type: AR2

Pages: 132

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Serica Energy PLC

Serica Energy PLC 2023 Annual Report

Annual Report

The report highlights Serica Energy's performance in 2023, marked by the completion of the Tailwind Energy acquisition, which significantly diversified and scaled its portfolio. The company achieved a 179% reserve replacement ratio, increasing its 2P reserves to 140.3 million boe and production to 40,100 boe/d on a proforma basis. In terms of sustainability, Serica achieved its lowest Scope 1 carbon intensity on BKR assets since becoming operator in 2018, with Bruce hub emissions at 16.4 kgCO2/boe. Additionally, the company joined the UN's OGMP 2.0 initiative to enhance methane emissions reporting and mitigation, while continuing to align with the North Sea Transition Deal targets.

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Document Details

Report Year

2023

Reporting Period

Jan 1, 2023 - Dec 31, 2023

Fiscal Year

2023

Type

Annual Report with Sustainability Disclosures

Language

English

Pages

 

File Size

 

Standards & Assurance

Reporting Standards

Materiality Assessment

ESG Data?Experimental — AI-extracted data, may contain inaccuracies

Emissions

Scope 1:

Scope 2:

Energy Consumption

Net Zero Target

Employees