Exploration & Production

Serica Energy obtains interim licence for Rhum

The United States has issued a new interim licence related to the Rhum Field in the North Sea
By Staff reporter 1 October 2018 0 32732

The United States’ Office of Foreign Assets Control has issued a new interim licence related to the Rhum Field in the North Sea, oil and gas exploration and production company Serica Energy said on Monday.

The licence authorises Serica to provide essential goods and services, and allows support by US persons and businesses to Rhum until 4 November.

Rhum is co-owned by BP and a subsidiary of Iran’s state-owned National Iranian Oil Co. (NIOC), but Serica is looking to buy BP’s stake in the field.

Having NIOC as...