Serica Energy today announced that the OFAC License and secondary sanctions assurance relating to the Rhum field (SQZ: 50%), previously extended by two months to 31 March 2025, have now been renewed, with a new two-year License ending on 28 February 2027. 

The License and assurance permit certain U.S. and U.S.-owned or controlled entities, and all non-U.S. entities, to continue providing goods, services and support to the Rhum field. 

The Rhum field has benefited from an OFAC License continuously since 2013. 

Rhum Field
Block 3/29a, Serica 50% and operator

The Rhum field is a gas condensate field producing from two subsea wells, R1 and R2, tied into the Bruce facilities through a 44km pipeline. Rhum production is separated into gas and condensate and exported to St Fergus and Grangemouth respectively along with Bruce and Keith  production. Combined, the wells are capable of producing at rates approaching 30,000 boe/d (gross) of which some 95% is gas. 

Serica's producing assets are focused around two main hubs: the Bruce, Keith and Rhum fields in the UK Northern North Sea, which it operates, and a mix of operated and non-operated fields tied back to the Triton FPSO. Serica also has operated interests in the producing Columbus (UK Central North Sea) and Orlando (UK Northern North Sea) fields and a non-operated interest in the producing Erskine field in the UK Central North Sea and interests in several earlier stage licences. 

KeyFacts Energy: Serica Energy UK country profile