(Reuters) – UK’s Serica Energy cut its full-year production forecast for the second time in two weeks on Thursday after it was forced to again suspend operations at its Triton floating production storage and offloading (FPSO) vessel in the North Sea.
The company said that after a limited production resumption at the FPSO vessel last week, it found an issue with one of the compressor seals that resulted in a renewed suspension.
Serica now expects its production to be 35,000 to 36,000 barrels of oil equivalent per day (boepd) in 2024, lower than the 37,000 boepd it forecast last week.
The company said Dana Petroleum, which operates the FPSO, is likely to take about two to four weeks to complete the necessary repairs for the latest issue.
Serica had reported a problem with a single gas compressor in the FPSO vessel in late October. At that time, it said the company’s total output would be slightly below 41,000-46,000 boepd in 2024.
With production at Triton suspended, the company’s current production from the North Sea, including from the Bruce Hub, is around 28,000 boepd, of which about 22,000 boepd is gas.
(Reporting by Arunima Kumar in Bengaluru; Editing by Savio D’Souza)
