Serica Energy (UK) Ltd. said Aug. 3 it has signed a sale and purchase agreement to acquire further interests in the Bruce and Keith fields and associated infrastructure in the U.K. North Sea from Total E&P UK Ltd.
Under the agreement, Serica UK will acquire a 42.25% interest in the Bruce Field and a 25% interest in the Keith Field and associated infrastructure. The acquisition has an effective date of Jan. 1, 2018, and completion will be subject to completion of the previously announced acquisition of interests in the Bruce, Keith and Rhum fields from BP (NYSE: BP).
The acquisition is also subject to inter alia certain regulatory, government and partner consents with completion targeted for the end of third-quarter 2018.
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