-+ 0.00%
-+ 0.00%
-+ 0.00%

Serica Energy Finalizes Prax Upstream Purchase

MT Newswires·12/11/2025 05:36:15
Listen to the news
05:36 AM EST, 12/11/2025 (MT Newswires) -- Serica Energy (SQZ.L) concluded its purchase of Prax Upstream from Prax Exploration & Production for 14.5 million pounds sterling. The energy company said Thursday it completed the transaction after securing the change of control clearance from the North Sea Transition Authority. As part of the deal, Prax Upstream's Lancaster field and its $34 million cash balance were assumed by the company.