TEHRAN, May 23 - British oil company BP says it has halted work on a gas field which it co-owns with National Iranian Oil Company (NIOC) in the North Sea, citing US plans to reimpose sanctions on the Islamic Republic.
TEHRAN, Young Journalists Club (YJC) - NIOC owns 50% of the Rhum field northeast of Aberdeen and BP holds the other half, which it plans to sell to UK-listed producer Serica Energy.
“BP has decided to defer some planned work on the Rhum gas field in the North Sea while we seek clarity on the potential impact on the field of recent US government decisions regarding Iran,” the company said in a statement on Tuesday.
Current operations at Rhum such as provisions of goods, services and support by “certain US persons” are carried out under a US license which is due to expire at the end of September.
Serica said it expected those operations to be affected by US sanctions, “in particular, the new sanctions regime announced by the US government on 8 May.”
Source: Press TV