Serica Energy plc, a prominent player in the oil and gas industry, is headquartered in Great Britain. Founded in 2004, the company has established itself as a key operator in the North Sea, focusing on exploration, development, and production of hydrocarbons. With a commitment to sustainable practices, Serica Energy offers a unique portfolio of assets, including the producing fields of Erskine, Kambuna, and the recently acquired Rhum field.
Renowned for its operational efficiency and innovative approaches, Serica Energy has achieved significant milestones, including successful drilling campaigns and strategic acquisitions that bolster its market position. The company is dedicated to maximising value while minimising environmental impact, making it a noteworthy entity in the energy sector.
+16 vs industry average
Serica Energy’s score of 35 is higher than 66% 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 has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Serica Energy's reported carbon emissions
In 2024, Serica Energy, headquartered in Great Britain, reported total carbon emissions of approximately 200.2 million kg CO2e. This figure includes Scope 1 emissions of about 200.2 million kg CO2e, Scope 2 emissions of approximately 30,000 kg CO2e, and significant Scope 3 emissions totalling about 5.2 billion kg CO2e. The Scope 3 emissions are primarily driven by the use of sold products, which accounts for about 5.1 billion kg CO2e. Serica Energy has set ambitious climate commitments aligned with the North Sea Transition Deal, aiming for a 10% reduction in absolute emissions by 2025, 25% by 2027, and 50% by 2030, with a target to achieve Net Zero by 2050 based on a 2018 baseline. Notably, the company achieved a 15% reduction in total CO2 emissions in 2020, partly due to a 45% reduction in gas flaring. The company is actively disclosing its emissions across all scopes and is committed to transparency in its climate initiatives, reflecting its dedication to sustainable practices in the oil and gas industry.
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Serica Energy’s Climate Goals (2030 & 2050)
4 goals2025
10% reduction in Scope 1
Serica is fully aligned to the emission reduction targets as set out in the North Sea Transition Deal, which commits the UK oil and gas indu…
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
4 of 15 categories disclosedSee all scope 3 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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