Serica has sat out recent North Sea deals
Serica factors ESG into North Sea M&A ambitions
The firm has added environmental footprint into its criteria when assessing potential buys
“The market is changing. There are things that we could have bought but we are very aware of our position in the industry going forward and our commitment to ESG.” So says Mitch Flegg, CEO of UK independent Serica Energy, explaining one of the key factors in why his firm has continued to sit out the North Sea’s dealmaking flurry. “We are looking at a number of opportunities at the moment,” says Flegg. “We will continue to work hard on that.” But Serica has added criteria on the relative environmental friendliness of any potential purchases to its continuing focus on getting the right assets at the right price. “We are looking to find the right assets where we can add value but where those as
Also in this section
24 June 2025
The country’s latest licensing round attracted bids from IOCs and NOCs in a better showing than its last outreach to bidders
24 June 2025
Africa’s second-largest oil producer is creating the right conditions for the sector to try to boost output, explains Ian Cloke, COO of UK-based Afentra
24 June 2025
The takeover, if it gets the all-clear from regulators and other government authorities, would propel XRG and its parent firm ADNOC into the top tier of global LNG players
23 June 2025
Jet fuel will play crucial role in oil consumption growth even with efficiency gains and environmental curbs, with geopolitical risks highlighting importance of plentiful stocks
