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The NSTA regulates and influences the UK’s oil, gas and carbon storage industries to ensure the economic recovery of oil and gas and meet the 2050 net zero emissions target set by the Secretary of State.

The Asset Stewardship Taskforce (ASTF) works to support the NSTA Strategy, in respect of both production and net zero obligations by improving asset stewardship in the UK Continental Shelf area.

Our focus is to ensure that fields are managed to ensure economic recovery of hydrocarbons, whilst supporting the drive to net zero carbon by 2050, in line with individual field development plans.

An Area Plan is a cross licence/ cross Hub collaborative framework to ensure economic recovery of oil and gas, whilst supporting the drive to net zero carbon by 2050, in a particular geographical area of the UKCS, based on the analysis of evidence.

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 per year by 2035. 

Benchmarking industry performance continues to play a significant role in driving industry improvements, and the NSTA has, since 2020, introduced benchmarking of performance to track progress towards net zero.

The NSTA recognises that Bacton has the potential to establish itself as a low carbon hydrogen hub. This would ensure Bacton remains a key regional energy hub, leveraging existing infrastructure and resource in the region to ensure its low carbon future.

We believe we can ensure economic recovery, whilst supporting the drive to net zero carbon by 2050, by having a diverse mix of companies involved in the UKCS – from super majors to mid-cap businesses to small, niche players.