Serica Energy (LSE:SQZ) has announced the successful restart of production at the Triton FPSO after a temporary suspension caused by a flare system issue. Output has now ramped up to more than 25,000 boepd net to Serica, in line with its operational targets.
This development marks an important step in stabilizing production and reinforces the company’s operational resilience. The restart is expected to strengthen Serica’s market position and support investor confidence as it moves forward with its 2026 plans.
Serica maintains a strong liquidity profile and a clear strategy for future growth. However, challenges remain in the form of inconsistent revenue growth, negative earnings trends, and short-term bearish technical signals. Even so, the company’s solid dividend yield and constructive outlook for 2026 provide reasons for cautious optimism.
Company Overview
Serica Energy is an independent British oil and gas producer with operations across the UK Continental Shelf (UKCS). The company accounts for approximately 5% of the UK’s natural gas output and focuses on supporting the energy transition. Its core producing assets include the Bruce, Keith, and Rhum fields, along with interests in fields linked to the Triton FPSO in the UK Northern North Sea.
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