Serica farms out to JX Nippon

■ Serica Energy yesterday sold an 85 per cent interest in the UK central North Sea block 22/19c to Japan’s JX Nippon for $250,000 (£153,900). JX Nippon will carry Serica’s share of future costs associated with the licence for the drilling of an exploration well in the area. Serica previously drilled in the prospect with Premier Oil covering the costs. Shares in junior stock market-listed firm fell 2.54 per cent to 28.75p in trading yesterday.