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Wells Task Force

To date over 7,800 wells have been drilled in the UK Continental Shelf (UKCS), delivering over 44 billion barrels of oil equivalent (boe).

Taxation4
Taxation

The tax regime which applies to exploration for, and production of, oil and gas in the UK and on the UK Continental Shelf (UKCS) currently comprises the following four elements, described briefly in turn below:

The North Sea Transition Deal

The North Sea Transition Deal is an agreement between industry and government to deliver an orderly energy transition. The NSTA is helping deliver on many of the aims of the deal.

Offshore hydrogen

Low-carbon hydrogen has the potential to bolster the UK’s future energy security and play a transformative role in the UK’s transition to net zero.