Further to DEA 5 Nov â18 (BHP pick-up), Serica has now signed up to acquire Marubeniâs 3.75% interest in Bruce and 8.33% in Keith and associated infrastructure. The latest deal calls for Serica to assume the decommissioning obligations of Marubeni in exchange for cash from the latter. It will also be retro-effective 1 Jan â18, completion subject to that of the previous deals by BP and Total, inter alia. Serica will hold 98% in Bruce, 100% in Keith.
Serica Energy has acquired 16% interest in Bruce (->94,25% ) and 31,83% in Keith (->91,67%) fields from BHP Billiton, following acquisitions of interests in the two fields from BP and Total in the past year.