Serica Energy, a top-10 UK oil and gas producer, is still willing to invest in the nation’s North Sea even after the rising tax burden prompted other companies to shift their focus elsewhere.

"Serica Energy signals renewed focus in UK’s North Sea, amid tax challenges" was originally created and published by Offshore Technology, a GlobalData owned brand.

Serica Energy said on Tuesday it would return to focus on growing oil and gas operations in the British North Sea, reversing earlier plans to shift overseas in the face of rising taxes on the sector.