Search

Effective collaboration will be fundamental to the successful future of the UK Continental Shelf

The Offshore Safety Directive of 2013 (‘OSD’) was implemented in the UK by the Offshore Petroleum Licensing (Offshore Safety Directive) Regulations 2015 (‘the 2015 Regs’) and other regulations.

Licences fall into several categories. The principal distinctions are between onshore licences and offshore licences, with a further distinction between exploration licences.

The North Sea Transition Authority is committed to ensuring the economic recovery of UK oil and gas and to enabling the achievement of the UK Government’s commitment to reach net zero emissions by 2050.

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

Energy integration technologies (offshore electrification, CCS, blue and green hydrogen) could contribute around 30% of the UK emissions abatement needed.

This page contains information regarding the Annual Consents Exercise (“ACE”) in the following sections: 

The NSTA grants licences that confer exclusive rights to ‘search and bore for and get petroleum’.

Accounts presented to Parliament pursuant to Section 6 of the Government Resources and Accounts Act 2000 (Audit of Non-profit Making Companies) Order 2009

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