Update on OFAC License for Rhum
Tuesday 2 October 2018
Serica Energy plc announced that it has received notification from BP that the US Office of Foreign Assets Control (“OFAC”) has issued a new licence relating to the Rhum Field. The licence authorises the provision of essential goods, services and support by certain US persons and businesses to the Rhum field until 4 November 2018, replacing an existing authorisation which expired on 30 September 2018.
Discussions continue with OFAC regarding the conditions under which authorisation may be given for the provision of goods, services and support to allow Rhum production to continue beyond 4 November 2018.