Serica Energy presents drilling plan targeting 30,000 boepd of additional production

Bitget2026/11/04 08:55

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Serica Energy outlined plans at the Cavendish Energy Conference to reach production of about 65,000 barrels of oil equivalent per day by end-2026.
Full-year post-tax operating cash flow is estimated at $450 million-$475 million, with 15%-30% targeted for dividends.
Pro forma liquidity of $685 million supports growth, with no debt maturities or amortization until 2029.
A contracted drilling program starting in Q3 2027 could add 30,000 barrels of oil equivalent per day.
The program targets average returns above 40%, supporting annual average production above 50,000 barrels of oil equivalent per day into the next decade.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Serica Energy plc published the original content used to generate this news brief on November 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Serica Energy presents drilling plan targeting 30,000 boepd of additional production

You may also like

Crypto prices