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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Centrica Farms-In to Serica's East Irish Sea License

Centrica Plc Serica Energy Plc
AnnouncedJun 27, 2013
TypeFarm-In/Farm Out
Announced Date
June 27,2013
Close Date
August 05,2014
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
17




Snapshot
Asset/Basin:
{"East Irish Sea"}
Location
Country
United Kingdom


Transaction Details:  Subscribe to see

Serica Energy plc announces that it has reached agreement
with Centrica through its subsidiary Hydrocarbon Resources Limited (“HRL”) for the farm-out of UK East Irish
Sea Blocks 113/26b and 27c (Licence P.1482), in which Serica presently holds a 65% interest.
Under the agreement, HRL will acquire an operated 45% interest in the licence, with Serica retaining 20%,
in consideration for HRL bearing Serica’s share of costs associated with the drilling of an exploration well up
to a cap of $17 million.
A gas prospect lying in the north of Block 113/27c, the Doyle prospect has been fully matured as the…

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