IN BRIEF: Serica Energy signs Beacon Pacific drill contract

Serica Energy PLC - North Sea-focused oil and gas producer - Signs a contract for the Beacon Pacific rig to carry out a multi-well UK Continental Shelf drilling campaign. The Odfjell Drilling-operated rig could add up to 30,000 barrels of oil equivalent per day of incremental production, helping sustain portfolio output of 50,000 barrels of oil equivalent per day into the next decade. The contract covers six firm wells, with options for additional activity. Drilling is expected to begin in the third quarter of 2027. Chief Executive Officer Chris Cox said: "Securing the rig is an important milestone in delivering our organic growth programme. Our first campaign will be at Bruce - the field's first drilling programme in almost fifteen years - where we are targeting high-return infill wells with the potential for rapid payback."

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12-month change: up 27%

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