M&A Deal Summary

Serica Energy Acquires Parkmead

On December 12, 2024, Serica Energy acquired oil/gas exploration company Parkmead from Parkmead Group for 14M GBP

Acquisition Highlights
  • This is Serica Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Serica Energy’s largest (disclosed) transaction.
  • This is Serica Energy’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-12-12
Target Parkmead
Sector Oil/Gas Exploration
Buyer(s) Serica Energy
Sellers(s) Parkmead Group
Deal Type Divestiture
Deal Value 14M GBP

Target

Parkmead

Aberdeen, United Kingdom
Parkmead (E&P) is focused on the exploration, development, and production of oil and gas. Parkmead (E&P) is based in Aberdeen, United Kingdom.

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Buyer(S) 1

Buyer

Serica Energy

London, United Kingdom

Category Company
Founded 2004
Sector Oil/Gas Exploration
Employees228
Revenue 727M GBP (2024)
DESCRIPTION

Serica Energy is an oil and gas exploration and production company with exploration, development, and production assets in the UK and Norway and exploration interests in the Atlantic margins offshore Ireland and West Africa. Serica Energy was founded in 2004 and is based in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 The Norwegian Continental Portfolio

Norway

The Norwegian Continental Portfolio comprises two production licenses, PL406 and PL407, contains the Bream and Brisling oil discoveries.

Sell -

Seller(S) 1

SELLER

Parkmead Group

Aberdeen, United Kingdom

Category Company
Founded 2000
Sector Oil/Gas Exploration
Employees10
Revenue 6M GBP (2024)
DESCRIPTION

Parkmead Group is an independent oil & gas company focused on the UK & Netherlands. Parkmead Group was founded in 2000 and is based in Aberdeen, Scotland.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Kempstone Hill Wind Energy

Peterhead, United Kingdom

Kempstone Hill Wind Energy is a company owning a 1.5MW onshore wind farm, which provides power for up to 1,000 homes. Kempstone Hill Wind Energy was founded in 2010 and is based in Peterhead, United Kingdom.

Buy £3M