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

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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