13th Apr 2023 10:37
Serica Energy PLC - London-based oil & gas company focused on the UK North Sea - Pretax profit amounts to GBP488.2 million for 2022, up significantly from GBP135.1 million in 2021. Operating profit stands at GBP476.2 million, up 93% from GBP246.1 million. Says it was boosted by increased production volumes and higher commodity prices. Average net production amounts to 26,200 barrels of oil equivalent per day compared to 22,200 boe per day for 2021, representing an increase of 18%. Average sales price is about USD104 per boe, up from USD77 per boe a year earlier. Read More