Serica Energy to Buy Spirit’s Southern North Sea Assets for £57 Million

Serica Energy plc has signed a sale and purchase agreement to acquire a portfolio of Southern North Sea assets from Spirit Energy Limited and its affiliates, strengthening the UK independent’s gas-weighted position on the UK Continental Shelf. The transaction, valued at £57 million (around $74 million) upfront, carries an effective economic date of January 1, 2025, with completion expected in the second half of 2026. The assets will be acquired via newly obtained subsidiaries following Serica’s recent Pra ...