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

Tuesday, October 9, 2018

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)

Categories: Legal Government Update Offshore Offshore Energy Europe Gas Industry News

Related Stories

European Consortium Targets Marine Noise from Offshore Wind Projects

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

France Leads 15-Country Effort to Reopen Strait of Hormuz

Current News

Turkey Launches Deep Sea Drilling Mission in Somalia

OMV Nominates BP Executive Emma Delaney as Next CEO

Petrobras Buys Back Petronas Stake in Two Brazil Offshore Fields

OneSubsea to Supply Production Boosting System for Shenandoah Field

Subscribe for OE Digital E‑News