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UKCS Decommissioning Cost Estimate 2022

The total estimated cost of decommissioning UKCS upstream oil and gas infrastructure has fallen by a further £1.5bn to £44.5bn, representing an overall decrease of about £15bn (25%) since the baseline forecast and cost reduction target were introduced in 2017

OGA Measurement Guidelines 2020

The purpose of these Guidelines is to set out the Authority’s expectations as to what will generally constitute ‘good oilfield practice’ for the full range of fiscal measurement scenarios that are likely to be encountered in practice

Licence assignments

As from 1 October 2016, the Energy Act 2016, and Regulations made under it, transferred certain functions from the Secretary of State for Energy and Climate Change (now the Secretary of State for Energy Security and Net Zero) to the Oil and Gas Authority.