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 30 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Serica Energy's reported carbon emissions
In 2023, Serica Energy reported total carbon emissions of approximately 161,165,000 kg CO2e, comprising 179,447,000 kg CO2e from Scope 1, 43,000 kg CO2e from Scope 2, and 180,528,000 kg CO2e from Scope 3 emissions. This marked a significant increase from 2022, where total emissions were about 281,057,000 kg CO2e, with Scope 1 emissions at 218,567,000 kg CO2e and Scope 3 emissions at 46,752,000 kg CO2e. Serica Energy is committed to ambitious climate targets 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 long-term goal of achieving Net Zero by 2050 based on a 2018 baseline. Notably, the company achieved a 15% reduction in total CO2 emissions in 2020, largely due to a 45% reduction in gas flaring. Overall, Serica Energy is actively working towards reducing its carbon footprint and contributing to the UK oil and gas industry's transition to a more sustainable future.
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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 | 00,000 | 00,000 |
| Scope 3 | - | - | - | 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 participating in any of the initiatives that 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.
