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Serica to acquire Pharos Energy for £146 million
PRIVATEJul 28, 2026•12 days ago
Acquiring Company
Serica Energy
Acquired Company
Pharos Energy
OuakaGreater LondonEnergyOil And GasEnergyOil And Gas
Description
Serica Energy's board has approved the acquisition of Pharos Energy for approximately £145.7 million. This strategic move will diversify Serica's portfolio and reduce its reliance on UK offshore assets. The acquisition is expected to enhance Serica's international presence, particularly in Southeast Asia's growing energy market.
Company Information
Company
Serica Energy
Location
Ouaka, Central African Republic
About
UK-based oil firm with a strong focus on producing companies in the UK North Sea. It has a significant potential for growth within the existing portfolio and aims to add further value for shareholders through M&A.
Ouaka
Greater LondonEnergyOil And GasEnergyOil And Gas