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Financial Guidance August 2018

This guidance sets out when the Authority will consider the financial capability of a legal or natural person (“person”) and the factors that the Authority will usually take into consideration when doing so

General guidance

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.