Serica Energy Acquires North Sea Oilfield Operator in the UK
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 30 2025
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Source: Reuters
Acquisition Details: Serica Energy is set to acquire Prax Upstream for $25.6 million, which includes interests in several North Sea oilfields, such as the Lancaster oilfield and others in the Greater Laggan Area, Catcher Field, and Golden Eagle Area.
Financial Expectations: The acquisition is expected to generate an additional $50 million in free cash flow by 2026, despite Serica having recently lowered its 2025 production outlook due to a temporary slowdown in output.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
