Serica Energy Secures Two-Year OFAC License Renewal for Rhum Field

An announcement from Serica Energy ( (GB:SQZ) ) is now available.

Serica Energy has announced the renewal of its OFAC License and secondary sanctions assurance for the Rhum field, extending the license for two years until February 2027. This renewal allows U.S. and non-U.S. entities to continue providing goods, services, and support to the Rhum field, ensuring continued operations and stability for Serica’s production activities in the region.

More about Serica Energy

Serica Energy is a British independent oil and gas exploration and production company with a portfolio of UK Continental Shelf (UKCS) assets. The company is responsible for about 5% of the natural gas produced in the UK, playing a significant role in the UK’s energy transition. Serica’s operations are centered around the Bruce, Keith, and Rhum fields in the UK Northern North Sea, and it also has interests in the Triton FPSO, Columbus, Orlando, and Erskine fields.

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