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Serica Energy kicks off development drilling at North Sea field

Serica Energy kicks off development drilling at North Sea field
upstreamonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upstreamonline.com Daily Mail and Mail on Sunday newspapers.

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UK: Serica Energy announces OFAC license renewal and corporate update

UK: Serica Energy announces OFAC license renewal and corporate update
21 Jan 2021
AIM-listed
Serica Energy has received a renewed License and secondary sanctions assurance from the US Office of Foreign Assets Control ( OFAC ) relating to the
North Sea Rhum field, in which the company has a 50% interest. The License and assurance will allow certain U.S. and U.S.-owned or controlled entities and also non-U.S. entities to continue providing goods, services and support to Rhum beyond 28 February 2021; when the current License was due to expire. This will enable operations and production from the Rhum field to continue unaffected.
The previous OFAC License was valid for a period of 16 months. In this case OFAC has issued the License for a period up to 31 January 2023. The License may be renewed on application by Serica assuming the conditions continue to be met. ....

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Serica Energy gets renewed US sanctions waiver for Rhum

Serica Energy said today it had managed to secure an extension to the US sanctions waiver for its Rhum field in the northern North Sea. ....

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Dana Terminates Maersk Drilling Deal

Maersk Drilling announced Friday that it has received notice of early termination of a one-well contract with Dana Petroleum Denmark B.V.
Maersk Drilling announced Friday that it has received notice of early termination of a one-well contract with Dana Petroleum Denmark B.V.
Maersk outlined that it expects to receive compensation for the cancellation in the form of a termination fee. The contract, which was first announced in the company’s May 2020 fleet status report, was originally expected to commence in May last year. Maersk announced in October 2020 that the contract had been deferred and that the updated date of commencement would be determined at a later stage. ....

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