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Carbon capture and storage

Carbon Capture and Storage (CCS) is critical to the UK achieving net zero – government aims to capture and store 20-30 million tonnes of CO2 per year by 2030 and over 50 million tonnes/yr by 2035.

Gas Storage 002
Gas storage and unloading

The North Sea Transition Authority (the “NSTA”), pursuant to the Energy Act 2008 (the “Act”) is the licensing authority for offshore gas storage and offshore gas unloading.

Operatorship

The licence model clauses oblige the licensee to nominate an entity that has responsibility for organising or supervising all or any of the operations of searching or boring for or getting petroleum in pursuance of the licence, namely: