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

Published

(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

Suriname's Block 52 Could Become Commercial in 18 Months

Suriname's Block 52 Could Beco

Bourbon Wins Prime Energy Contract in Philippines

Bourbon Wins Prime Energy Cont

TDI-Brooks Survey Vessel Gyre Arrives in Liberia

TDI-Brooks Survey Vessel Gyre

CRP Subsea Secures Cable Protection Contract for Offshore Wind

CRP Subsea Secures Cable Prote

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine