May 22, 2018

BP delays Rhum North Sea work over Iran sanctions clarity

BP has delayed work on its Rhum field in the North Sea while it seeks clarity over US sanctions on Iran. The sanctions followed US President Donald Trump's announcement that the US was withdrawing from the Iran nuclear deal. 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 licence is due to expire at the end of September 2018 and it is unclear whether it will be renewed in the light of US sanctions against Iran. In 2010, the Rhum field was shut down because production could have been breaking European Union sanctions against Iran.

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