Serica Energy
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.
DitchCarbon Score
How does Serica Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Serica Energy's score of 37 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Serica Energy's reported carbon emissions
In 2023, Serica Energy reported total carbon emissions of approximately 161,165,000 kg CO2e. This figure includes Scope 1 emissions of about 179,447,000 kg CO2e, which encompasses direct emissions from their operations, and Scope 2 emissions of approximately 43,000 kg CO2e, related to purchased electricity. Additionally, their Scope 3 emissions were significant, amounting to around 180,528,000 kg CO2e, which includes emissions from investments and purchased goods and services. Over the years, Serica Energy has demonstrated a commitment to reducing its carbon footprint. In 2022, the company recorded total emissions of about 281,057,000 kg CO2e, indicating a reduction in emissions by approximately 119,892,000 kg CO2e from 2022 to 2023. The company has disclosed emissions data across all three scopes (1, 2, and 3) for the years 2019 to 2023, showcasing transparency in their climate reporting. Despite the absence of specific reduction targets or initiatives outlined in their recent reports, Serica Energy continues to monitor and report its emissions, reflecting an ongoing commitment to addressing climate change. The company’s focus on carbon intensity metrics, such as the Scope 1 carbon intensity of 0.01636 kg CO2e per barrel of oil equivalent in 2023, highlights their efforts to improve operational efficiency and reduce emissions in the energy sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 241,503,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 25,000 | 00,000 | 00,000 | 000 | 00,000 |
| Scope 3 | - | 00,000,000 | 000,000,000 | 00,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Serica Energy is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
