US Grants BP, Serica Licence to Run Iran-owned North Sea Field

(Image: Serica Energy)
(Image: Serica Energy)

BP and Serica Energy received a conditional licence from U.S. authorities to continue operating a North Sea gas field partly owned by Iran's national oil company, Serica said in a statement.

The U.S. Office of Foreign Assets Control extended a licence for U.S. and U.S.-owned or controlled entities to provide goods, services and support the Rhum field, which supplies around 5 percent of Britain's gas demand.

The extension will allow Serica to complete the acquisition of BP's stake in Rhum as well as the Bruce and Keith fields, as well as buying Total's stakes in Bruce and Keith, it said.


(Reporting by Ron Bousso, editing by Louise Heavens)

Current News

Seadrill Nets Two Drillship Commitments

Seadrill Nets Two Drillship Co

SLB OneSubsea and Subsea7 Win Contract for OKEA’s Bestla Project

SLB OneSubsea and Subsea7 Win

Jason Liu Named CEO of Wood Mackenzie

Jason Liu Named CEO of Wood Ma

Liza Unity is First FPSO to Earn ABS REMOTE-CON Notation

Liza Unity is First FPSO to Ea

Subscribe for OE Digital E‑News

Offshore Engineer Magazine