BP goes on in Rhum field

BP had received a new license relating to the Rhum field operations till November 4th. Meanwhile, Serica Energy declared it will be ready to assume operatorship with a new license which ensures that production from the Rhum field can continue after that date. Discussions with OFAC (U.S. Office of Foreign Assets Control) and other parties regarding longer term arrangements to protect this valuable UK asset are continuing for ensuring a successful conclusion.