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Investing.com -- Serica Energy Plc (LON:SQZ) on Wednesday said its production at the Dana Petroleum-operated Triton FPSO has been halted since September 30 due to a flare system issue, with output expected to remain constrained until the problem is resolved.
The London-listed oil and gas producer said production is likely to restart shortly but will be “severely limited” until the root cause is identified and fixed.
With its production deferral, Serica expects output to fall below its previously communicated guidance range of 29,000-32,000 barrels of oil equivalent per day (boepd).
Earlier this month, Serica, which holds interests in UK North Sea assets, reported a vibration issue within the compression trains on the Triton FPSO.
Work on the A compressor was completed on September 23, and production of 25,000 boepd net to Serica resumed shortly afterward.
Chris Cox, Serica’s chief executive officer, said the company is increasing discussions with the operator regarding the future operation of the Triton FPSO.
Cox said the company aims to deliver a more robust performance but did not specify a timeline for resolving the flare system issue.