Serica to Acquire BP's Stake in UK's Largest Gas Field
Serica Energy has signed a preliminary deal to acquire BP's 32% stake in the UK's largest producing gas field, Culzean.
This marks a significant expansion for the independent oil and gas producer.
Serica Energy plc has signed an agreement to buy BP’s stake in the Culzean gas condensate field in the UK Central North Sea and an exploration license adjacent to the license containing the Culzean field.
Author summary: Serica Energy acquires BP's stake in Culzean gas field.