By Maya Lester KC & Michael O’Kane

Serica Energy granted exemption from US Iran sanctions

Serica Energy, a North Sea oil firm, has announced that it has been granted an extension to its licence, and a secondary sanctions assurance from OFAC relating to the North Sea Rhum field, which is co-owned by the National Iranian Oil Company. The licence will allow US and non-US entities to continue supplying equipment, services and support to the project, …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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