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Serica Energy plc, a British independent upstream oil and gas company, has been given final clearance by the NSTA to develop the Belinda field in the UK Central North Sea, which it owns and operates 100 percent of.
Using the COSLInnovator drilling rig, the company is planning on starting drilling for offshore development in the first half of 2025. The Belinda field is scheduled to be connected back to the Triton floating production, storage, and offloading (FPSO) after the drilling. Situated in Block 21/30f, the offshore field is being developed as a single-well tieback approximately 6 km southeast of the Triton FPSO.
Using the COSLInnovator drilling rig, Serica began drilling in the Triton area in April of this year, and the Belinda well is the fifth well in the programme. The Triton FPSO will be used to increase output through each of these wells.
Approximately 5 million barrels of oil equivalent (80% oil) are considered to be proven and probable reserves in the Belinda field.
Chairman and acting CEO of Serica David Latin said, "We are thrilled to have gotten clearance to develop Belinda. By investing in our assets, we will continue to build on our proven track record of generating growth and increasing value."
"We continue to evaluate other potential projects in our portfolio, such as the potential redevelopment of the Kyle field, which may be another low emissions tie-back candidate to the Triton FPSO, similar to Belinda."
About 5% of the natural gas produced in the UK, which is essential to the country's energy transition, is generated by the Serica.
The producing assets of Serica are concentrated around two primary hubs: a combination of operated and non-operated fields connected to the FPSO Triton, and the operated Bruce, Keith, and Rhum fields in the UK's Northern North Sea.
The company's partners in the Triton cluster are Waldorf Production UK Limited and Dana Petroleum Limited. This is because the company purchased Tailwind Energy Investments' whole issued share capital for about £367 million.
Read more here- https://www.serica-energy.com/downloads/releases/SQZ%20Belinda%20approval.pdf
