Regulations governing the retention of petroleum-related information and samples laid in parliament by the Department for Business, Energy and Industrial Strategy (BEIS) came into force on 14 May 2018.
The “Retention of Information and Samples Regulations 2018” fulfil provisions in the Energy Act 2016 to support the maximum economic recovery of petroleum through greater access to timely and transparent data, necessary for a competitive market.
The regulations will safeguard the long-term curation of important national resources in preserving vital information and samples for future use. The intention is to make the retention process simpler and clearer for industry to follow and help reduce the cost burden involved.
The new guidance, available below, entitled ‘Retention of Information and Samples Guidance’ is to be used by industry to promote understanding and fulfilling the requirements involved.
This guidance has been superseded.