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Guidance on Applications for a Carbon Storage Permit

Decommissioning cost estimates continue to fall and have reduced by a further 4% in 2021

Companies who want to participate in the exploitation of the UK’s oil and gas resources need (among other things) a Production Licence granted by the NSTA.

Production efficiency (PE) has risen for a fourth consecutive year, in 2016 it reached 73%, driving increased production in the United Kingdom Continental Shelf (UKCS)

The total cost of decommissioning remaining UK offshore oil and gas production, transportation and processing infrastructure has reduced by 17%, on a like-for-like basis, to £49bn compared with a 2017 base-line estimate of £59.7bn

63 operators submitted their Technology Plans as part of the 2016 UK Continental Shelf (UKCS) Stewardship Survey, providing the Oil and Gas Authority (OGA) with a unique insight on companies’ technology portfolios, as well as their strategies to access further required technologies.

63 operators submitted their Technology Plans as part of the 2016 UK Continental Shelf (UKCS) Stewardship Survey, providing the Oil and Gas Authority (OGA) with a unique insight on companies’ technology portfolios, as well as their strategies to access further required technologies.