- Serica Energy
- 30 June 2025 12:44:27
Source: Sharecast
The AIM-traded firm said the restart process was now underway, with production expected to ramp up progressively as each tied-back field came back online.
A stable production level was anticipated during July.
Prior to the shutdown, the Triton FPSO was delivering 25,000 barrels of oil equivalent per day net to Serica.
That figure was expected to increase with the addition of production from two new wells delivered on time and under budget during the downtime - the W7z well on the Guillemot North West field, in which Serica holds a 10% interest, and the EV02 well on the Evelyn field, where Serica holds 100%.
Extensive work was carried out during the shutdown, including major repairs to the inert gas marine system, with over 100 components replaced or refurbished.
Safety-critical maintenance on the firewater system was also completed, alongside the replacement of valves and pipework.
In addition, topside modifications were made to prepare the vessel for production from the Belinda field, which is expected to come online in early 2026.
Serica said the work was expected to significantly improve the operational performance of the Triton FPSO, with no further planned outages for the remainder of 2025.
At 1224 BST, shares in Serica Energy were up 5.07% at 160.12p.
Reporting by Josh White for Sharecast.com.