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Serica Energy PLC - North Sea-focused oil and gas producer - Says the license and secondary sanctions assurance from the US Office of Foreign Assets Control for its 50% owned North Sea Rhum field have been extended by two months to March 31. This is to allow the processing of Serica Energy’s application for a new long-term license, following the change in US administration.
The licence and assurances allow both US and non-US entities to provide goods, services and support to the Rhum field. The Rhum field has benefitted from an OFAC license continuously since 2013.
Current stock price: 143.90 pence, up 2.4% each in London on Monday morning
12-month change: down 19%
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