Serica Energy has this morning announced it has successfully restarted production at the Triton FPSO - but expressed frustration that ramping up production has been "slower than we would expect".

Following initial production resumption at the Bittern field - which is 64.6% owned by Serica - an issue with the "gas lift system" prevented other Triton field being restarted.

An update to shareholders this morning said: "Additionally, other minor work was identified, which required a short cessation of production to repair. This remedial work now being complete, the restart of the Triton fields including new wells should proceed to an expedited timeline."

Production is now expected to reach a stable level in August.

Chris Cox, Serica's CEO, stated: "While teething issues with the resumption of production are not entirely unexpected after such a prolonged period of downtime, it doesn't make it any less frustrating to once again see things at the Triton FPSO progressing more slowly than we would expect.

"Our production from other assets is currently robust at almost 30,000 boepd and our portfolio has the potential to produce over 55,000 boepd once all Triton fields are back online, levels that we now expect in August rather than July.

"We are continuing to drive discussions with senior management at Dana regarding the optimal way to run the FPSO going forward."

Production from the Bittern field (Serica 64.6%) will be followed rapidly by the Evelyn (Serica 100%) and Gannet (Serica 100%) fields. Once existing wells resume production, the new wells drilled on the Guillemot North West (Serica: 10%) and Evelyn (Serica: 100%) fields will be brought onstream for the first time, promising an increase to the 25,000 boepd the Triton FPSO was producing net to Serica in January.

The BE01 well on the Belinda field (Serica 100%), which flow tested at constrained rates of 7,500 boepd, is expected to enter production at the start of 2026 following work to tie the well into the Triton FPSO.

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