OFAC License renewal
OFAC License for Rhum field renewed for two years to February 2027.
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Serica Energy plc (AIM: SQZ) is pleased to announce 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.
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