Legal News Oil & Gas

Serica extends OFAC licence for Rhum

Serica Energy plc has secured a two-year extension to its OFAC licence and secondary sanctions assurance relating to the Rhum field in the UK Northern North Sea. BENEFIT The licence and assurance permit certain US and US-owned or controlled entities, and all non-US entities, to continue providing goods, services and support to the field. Issued […]

News Oil & Gas

Serica renews US sanctions licence for Rhum

Serica Energy plc has renewed its US licence and secondary sanctions for the UK Northern North Sea Rhum field, which allow companies to provide goods, services and support. TAILWIND The licence, shared 50-50 with Iranian Oil Company (UK) Ltd, grants permission to US, US-owned and non-US companies. Issued by the US Office of Foreign Assets Control […]