Serica Energy to buy BP’s $232m stake in UK’s largest gas field

Last updated: October 13, 2025 7:29 pm

1 Min Read

The Culzean gas field in the UK

Serica Energy has signed a $232 million deal to buy BP’s 32% stake in the Culzean gas field, the largest producing gas field in the UK. The move could reshape Britain’s North Sea landscape and increase domestic gas supply.

The Culzean field, operated by TotalEnergies, has been producing since 2019 and supplies a major portion of the UK’s gas. The deal, pending partner approval, will make Serica one of the country’s largest independent gas producers.

“This transaction delivers a step-change for Serica,” said CEO Chris Cox. “It strengthens our cash flow and supports UK energy resilience.” The agreement also includes a nearby exploration license, with an effective date of September 1, 2025.

For BP, the sale fits its strategy to focus on new developments like the Murlach field, one of ten new projects the supermajor plans to bring online by 2027. Analysts say it’s a balanced move: BP trims its portfolio while Serica strengthens its future.

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ByIjaseun David

Ijaseun David is a multimedia journalist with a decade of experience. He covers energy, oil and gas, the environment, climate, and automobiles, reporting on policy, industry trends, and sustainability issues. His work helps readers stay informed about the key developments in these sectors.