Serica Energy has agreed to acquire an 18 stake from BP in UK Blocks 23/26a (Area B) and 23/26b (Area B) containing the Erskine field in the UK Central North Sea. The transaction, which includes US $11.1m in cash plus 27 million new Ordinary Shares in the company, is conditional on consent of the other participants in the Erskine field and related agree- ments, and on approval by the UK Department of Energy and Climate Change.
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