Serica’s management sees “industrial logic in combining the portfolios of the two companies”, Kistos says
Is there logic in Kistos-Serica?
Both sides appear potentially interested in a union on their terms. But not all analysts are convinced
UK-listed Kistos Energy has unveiled a 382p/share offer for its larger peer Serica Energy and revealed that, having initially rejected Kistos’ offer, the latter instead made an offer for the former, which was also spurned. Serica’s management sees “industrial logic in combining the portfolios of the two companies”, according to Kistos. But not everyone is convinced. “There is a clear industrial logic to a combination of the two businesses,” says Daniel Slater, oil and gas research director at brokerage Arden Partners. “There should be an element of synergies—although admittedly most costs will still be field-level. But it would also create another listed UK E&P of significant scale, with
Also in this section
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
8 January 2026
The region’s access to versatile feedstock, combined with policy support, is setting it up to meet growing demand both at home and abroad
7 January 2026
No longer can the energy source be considered a sidekick to oil in the Middle East and neither should it step aside for less convincing alternatives
