Tony Walker, the CEO of Serica Energy plc, a UK-based oil and gas company, says that if the project in Rhum Gas Field in North Sea which is partly owned by Iran go well, the company will certainly seek more trade cooperation with Iran.

“The JCPOA has removed all EU sanctions against Iran and accordingly we are free to have more interaction with Iran which makes us happy,” said the top official of the British company.

Rhum gas field, which cost $565 million to develop, was shared equally by London-based BP and the Iranian Oil Company, a subsidiary of the state-owned National Iranian Oil Company. BP sold three fields to North Sea producer Serica Energy.

The Company has exploration and development activities in the United Kingdom, Ireland, Namibia and Morocco, and an economic interest in an oilfield offshore Norway. The Company’s segments include UK, Ireland and Africa. It holds licenses in the Central North Sea and the East Irish Sea, which includes the Columbus Field.