Serica Energy, a prominent player in the Gas and Diesel Oil industry, is headquartered in the United Kingdom. Established in 2005, the company has built a strong reputation for its expertise in exploration, production, and development of hydrocarbon resources across the North Sea and other key regions.
Specialising in the extraction and supply of natural gas and oil, Serica Energy is recognised for its focus on operational efficiency and sustainable practices. Its core products serve as vital energy sources for markets across Europe, making it a notable contributor to the region’s energy security. With a history of strategic milestones and a solid market position, Serica Energy continues to advance its role within the global energy landscape.
+22 vs industry average
Serica Energy’s score of 41 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil is among the most carbon-intensive industries
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Serica Energy's reported carbon emissions
Serica Energy: Carbon Emissions and Climate Commitments
Serica Energy, a UK-based company operating in the Gas/Diesel Oil industry, has been actively reporting its carbon emissions.
Recent Emissions Data (in kg CO2e):
- 2024: Serica Energy reported a total of approximately 527.5 billion kg CO2e in emissions. This comprised approximately 200.2 billion kg CO2e of Scope 1 emissions and about 30,000 kg CO2e of Scope 2 emissions. Scope 3 emissions were significantly higher, at approximately 5.06 trillion kg CO2e, primarily driven by the use of sold products.
- 2023: Total emissions for 2023 were approximately 360 billion kg CO2e, with Scope 1 emissions at around 179.4 billion kg CO2e and Scope 2 emissions at approximately 43,000 kg CO2e. Scope 3 emissions totalled about 180.5 billion kg CO2e.
- 2022: The company reported total emissions of approximately 265.3 billion kg CO2e, including approximately 218.6 billion kg CO2e of Scope 1 emissions and about 21,000 kg CO2e of Scope 2 emissions. Scope 3 emissions were approximately 46.8 billion kg CO2e.
- 2021: Total emissions were around 208.9 billion kg CO2e, with Scope 1 emissions at approximately 217.3 billion kg CO2e and Scope 2 emissions at about 18,000 kg CO2e. Scope 3 data was not disclosed for this year.
- 2020: Total emissions for 2020 were approximately 204.7 billion kg CO2e, with Scope 1 emissions at around 204.6 billion kg CO2e and Scope 2 emissions at about 16,000 kg CO2e. Scope 3 data was not disclosed.
- 2019: The company reported total emissions of approximately 241.5 billion kg CO2e, with Scope 1 emissions at around 241.5 billion kg CO2e and Scope 2 emissions at about 25,000 kg CO2e. Scope 3 data was not disclosed.
Climate Commitments and Reduction Initiatives:
Serica Energy is committed to reducing its environmental impact and aligns with the emission reduction targets set out in the North Sea Transition Deal. This deal commits the UK oil and gas industry to significant emissions reductions from a 2018 baseline.
- Near-term Targets: Serica Energy is working towards reducing absolute emissions by 10% by 2025, 25% by 2027, and 50% by 2030. By 2025, the company had already achieved a reduction of 31% against the 2018 baseline.
- Long-term Goal: The ultimate aim is to achieve Net Zero emissions by 2050.
- Specific Actions: In 2025, Serica Energy began implementing emissions reduction projects on its Bruce platform, with three projects scheduled for operational status by the end of 2027. In 2026, the company's focus is on implementing Flare Gas Recovery and progressing compressor revamp projects.
- Past Achievements: In 2020, the company achieved a 15% reduction in its total CO2 emissions, partly attributed to a 45% reduction in gas flaring.
Serica Energy's emissions data and reduction targets demonstrate a strategic approach to managing its carbon footprint within the gas and oil sector.
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Serica Energy’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Serica Energy
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