Serica Energy
Independent upstream oil and gas company with operations centred on the uk north sea.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | $525m | Post IPO Debt |
| Total Funding | 000k | ||
| GBP | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 309 % | 58 % | (22 %) | (13 %) | 10 % | 21 % | (16 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 81 % | 82 % | 63 % | 52 % | 65 % | 65 % | 60 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 15 % | 22 % | 16 % | 13 % | (1 %) | 3 % | (3 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Serica Energy, an independent oil and gas company, has carved a niche in the UK North Sea's challenging waters. Founded by a team of industry veterans, including Chris Hearne, the company has focused on exploration and production, leveraging its expertise to maximize output from mature fields.
In recent years, Serica Energy has made strategic acquisitions to bolster its portfolio. A notable event was the acquisition of Tailwind Energy in January 2023, a move that nearly doubled Serica's production capacity. This acquisition involved a cash payment of GBP 58.7 million and the issuance of up to 111 million new shares, marking a significant expansion in Serica's operational capabilities.
Serica's journey is marked by its ability to adapt and grow amidst the volatile oil and gas market. By acquiring assets from the Parkmead Group in December 2024, Serica further solidified its position in the North Sea, demonstrating its commitment to sustainable growth and operational excellence.
Today, Serica Energy stands as a testament to strategic foresight and resilience in the energy sector, continuing to explore new opportunities while managing existing assets efficiently. Its story is one of calculated risks and strategic growth, positioning it as a key player in the North Sea oil and gas industry.
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