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Companies who want to participate in the exploitation of the UK’s oil and gas resources need (among other things) a Production Licence from the Oil and Gas Authority (OGA). The OGA operates a competitive system for awarding Production Licences.

Report by Genesis

Report by Genesis

This document provides general guidance as to the approach we will usually take in assessing whether a project achieves a Satisfactory Expected Commercial Return (‘SECR’).

If requested at the time a Relinquishment is processed through the Energy Portal, the Licence Operator shall send the Authority a Relinquishment Report within three months of the licence being relinquished.

This IM Delivery Programme builds on the IM Strategy and describes in more detail how and when it will be delivered