UK M&A | Serica acquires Parkmead’s UK business
December 17, 2024
On 12 December, Serica Energy agreed to acquire Parkmead’s UK business, comprising a 50% interest in the undeveloped Fynn/Beauly discovery (licence P2634) and a 50% interest in the Skerryvore prospect (licence P2400), both located in the Central North Sea. The total consideration is £14 million (US$17.9 million) with up to £120 million in contingent payments.