Serica Energy plc provided the following operational update for the Rhum R3 well. The new completion equipment has been successfully installed into R3 and a flow test has now been performed. A stabilised flow rate of 58.4mmscf/d of gas and 135bbls/d of condensate has been achieved through a 60/64ths inch choke. This rate was constrained by the surface well test equipment on board the WilPhoenix semi-submersible drilling rig and it is expected that the well will be able to produce at higher rates when in production. A diving support vessel ("DSV") has been contracted to install the subsea control equipment required so the well can start producing in third quarter 2021. The successful recompletion of R3 will increase the Rhum production capacity utilising the existing facilities located on the Bruce platform and will, therefore, not lead to significant additional CO2 emissions. This is in line with Serica's stated objective of reducing the carbon intensity (i.e. CO2 per barrel of oil equivalent) of its production operations.