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BP shuts North Sea field over Iran ban [Copy link] 中文

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Post time 2010-11-19 15:01:47 |Display all floors
BP has stopped production at a North Sea platform co-owned with Iran, as it works out whether it is breaching any European sanctions.

BP can pump 212m cubic feet of gas per day from its Rhum field, which holds about 800bn cubic feet of recoverable reserves.

However, following weeks of speculation, production has finally halted while the oil giant seeks "clarification" on whether its relationship with the Iranian state-owned partner is allowed.

Earlier this year, The Daily Telegraph disclosed that Iranian Oil Company UK, the field's co-owner, had been placed on America's list of bodies that "persons should not do business with".

New European sanctions bring the Continent into line with the tough US stance on businesses that trade with the controversial Middle Eastern regime.
The Rhum field was discovered in 1977 but production there began only five years ago.

"BP confirms that, pending clarification from the UK Government on certain aspects of the new European Union regulations concerning restrictive measures against Iran, production from the Rhum gas field in the central North Sea has been suspended," the company said.

"Once we obtain such clarification from the Government, we will review the situation and will take whatever action is appropriate in light of that clarification."
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Post time 2011-8-26 06:35:08 |Display all floors
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