Rhum Production Update - Serica Energy plc

Serica Energy plc, a British independent upstream oil and gas company with operations centred on the UK North Sea, provides an update on Rhum field production operations.

A fault has been identified in the Rhum Subsea Control Module which  hasnecessitated a temporary shutdownof Rhum production. There are currently no safety or environmental issues associated with this fault. A programme to replace the control module is being planned utilising a sparemodule held in stock. This will necessitate diving operations and the timetable is not yet finalised. It is likely, however,that Rhum production will not resume for at least two weeks.

Production from the Bruce field continues and has not been adversely affected. Serica’s other producing fields (Erskineand Columbus) are not impacted by this Rhum issue.

A further update will be provided when Rhumproduction is restarted.

Mitch Flegg, Chief Executive of Serica Energy, commented:

"This is a frustrating event, but I am confident our skilled teams onshore and offshore will safely and efficientlyimplement the required repairsusing equipment and plans already in place to deal with such a situation.

Production from Bruce, Erskine and Columbus has consistently averaged over 10,000boe/d net to Serica so far this year. We expect these rates to continue during the Rhum shut down and we will look for ways to optimise the Bruce production rates during this period.”

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