Serica Energy Plc · LSE:SQZ
Serica Energy — Shareholder Meeting (May 2025)
8 slides from Serica Energy's shareholder meeting presentation, May 22, 2025
Slide 1: 2025 Annual General Meeting
2025 Annual General Meeting 22 MAY 2025 Contributing responsibly towards meeting the world's energy needs through the safe and efficient production of hydrocarbons
Slide 2: Who we are
Who we are • Production from two major hubs supports material cash generation and shareholder returns for years to come • Even split of oil and gas, with Bruce Hub gas c.5% of UK total production • Successful drilling programme at Triton with production enhancement and cash to come • Material 2C res
Slide 3: Triton maintenance ongoing
Triton maintenance ongoing • Triton on track to resume production at the end of Pipe replacement on Triton FPSO June • Repairs Triton following issues discovered in the aftermath of Storm Éowyn have now been completed • Annual maintenance programme, brought forward to reduce overall downtime in the
Slide 4: Triton drilling campaign complete – production to follow
Triton drilling campaign complete – production to follow • Five wells drilled safely and successfully Triton drilling programme • Drilling programme delivered on time and on budget • Two wells have added to production, with strong initial Field Activity SQZ Q1 Q2 Q3 Q4 Jan flow rates Gannet E GE05 w
Slide 5: Belinda set to boost production in 2026
Belinda set to boost production in 2026 • BE01 well drilled and completed ahead of schedule and under budget - Flow test delivered rates of 7,500 boepd - Tie-back operations on track for first oil Jan 2026 - Excellent response from Ultra-Deep Resistivity (UDR) and reservoir optimisation while drilli
Slide 6: High-grading organic growth opportunities
High-grading organic growth opportunities BKR TRITON OTHERS GBA Serica operated: Operated by Others: Skerryvore Bruce: LWIV (M3 + M6) GBA exploration (Wengen, Cortina NE & Verbier Deep) Exploration Bruce: infills Phase 2 /Appraisal Keith East & West Bruce BKR: asset life extn to 2040 Bruce: Platform
Slide 7: Catalysts ahead for the creation of value for shareholders
Catalysts ahead for the creation of value for shareholders High-grade and progress organic Increase operational efficiency and investment opportunities to deliver more predictable Value accretive M&A convert resources to reserves and production performance cash flow Organic growth can retain Product
Slide 8: For further information contact: Andrew.Benbow@serica-energy.com
For further information contact: Andrew.Benbow@serica-energy.com Half-yearresults Full-year Results2024 2024I 1I April 10 September 2025 2024 8