Before Jair Bolsonaro took office as Brazil’s president in 2019, Canadian investment bank Forbes & Manhattan was facing problems with its business activities in the Brazilian Amazon. The situation began to change, however, as the group grew closer to members of Bolsonaro’s administration with ties to the Brazilian Armed Forces. F&M enjoyed direct access to […]
Namibia gained billions in export earnings - Wirtschaft az.com.na - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from az.com.na Daily Mail and Mail on Sunday newspapers.
Serica Energy announces operations update
15 Dec 2020
Highlights
Solid production performance delivering 26,300 boe/d total net production to Serica during the most recent three-month period
Significant strengthening of gas prices important to Serica s 80% gas production portfolio
Operational milestone as longest period without a recordable injury since March 2016 achieved
Rhum R3 Intervention Project work continues following delays due to poor weather and equipment repairs
Formal award of four new blocks in the UK 32nd licensing round confirmed
Decision to withdraw from Namibia to focus on Serica s North Sea-focused portfolio and opportunities
Production Operations
We are pleased to announce that Serica has passed a significant operational safety milestone with a year elapsed since the last recordable injury on the Bruce platform. This is the longest period without a recordable injury since March 2016 and has been achieved despite the added complexities of operating in a s
We are pleased to announce that Serica has passed a significant operational safety milestone with a year elapsed since the last recordable injury on the Bruce platform. This is the longest period without a recordable injury since March 2016 and has been achieved despite the added complexities of operating in a socially distanced manner due to COVID precautions. This milestone demonstrates the professionalism, skill and teamwork of everyone on the platform and throughout the Company.
Production performance from the Bruce hub has been good. During the most recent three-month period, the preliminary production rate from Bruce, Keith and Rhum has averaged 24,100 boe/d net to Serica. Net Erskine production during the same period has averaged 2,200 boe/d giving total net Serica production of 26,300 boe/d for the period.