Serica Energy Expands North Sea Footprint with Prax Acquisition ...Middle East

UK oil and gas producer Serica Energy plc is expanding its footprint in the UK North Sea with the acquisition of assets from Prax Group that would give it stakes and operatorships of additional oil and gas field in one of the world’s most mature offshore basins.  Serica Energy said on Tuesday it had signed an agreement to buy 100% of Prax Upstream Limited from Prax Exploration & Production Plc.   Prax Upstream holds 100% interest in the Lancaster field and is its operator.  In addition, Prax Upstream is party to separate…

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