Serica Energy (LSE:SQZ) has confirmed that production has resumed at the Triton FPSO following the completion of planned maintenance and repair work. The company anticipates that production levels will ramp up and stabilize by July, supported by the potential output from two newly drilled wells. The recent maintenance involved essential upgrades and repairs designed to boost the FPSO’s operational efficiency, with no additional downtime expected for the remainder of 2025.
Despite some challenges in financial performance, Serica Energy’s outlook remains positive, underpinned by favorable corporate developments and attractive valuation metrics. While technical indicators reveal strong momentum, investors should remain cautious due to signals of an overbought market.
About Serica Energy
Serica Energy is a UK-based independent oil and gas company focused on exploration and production in the UK Continental Shelf. The company manages a balanced portfolio of oil and gas assets, contributing roughly 5% of the UK’s natural gas supply. Serica’s key operations include the Bruce, Keith, and Rhum fields in the Northern North Sea, with additional interests linked to the Triton FPSO.
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