OFAC extends sanction waiver for North Sea Rhum field
Oct. 24, 2019
Serica Energy plc has received a renewed license and secondary sanctions assurance on its Rhum gas-condensate field in the UK central North Sea from the US Office of Foreign Assets Control.
(Courtesy Serica Energy)
Rhum is tied back to the Bruce field platform complex in the UK central North Sea.
This ensures continued provision of goods, services and support from various US-owned or controlled entities, and some non-US entities, beyond Oct. 31, when the current license expires through Feb. 28, 2021.
Rhum, which is tied back to the Serica-operated Bruce field platform complex, is co-owned by Iranian Oil Co. The field is thought to supply around 5% of the UK’s daily production.
(Courtesy Serica Energy)
Location of the Rhum gas-condensate field in the UK central North Sea.
