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

The Authority, working with industry, is committed to maximising the well value cycle on the UKCS (without detriment to safety or the environment) through effective regulation, promotion and by using its influence with licensees, the supply chain and relevant bodies

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