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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.

Change in control

The model clauses do not impose any requirement for approval of a change of control of a Licensee, for example, a corporate takeover, but they do grant NSTA the power to require a further change of control, and failing that a power of revocation.

Technology Insights - Subsea systems

Remote and autonomous inspection technologies able to reduce the number of offshore visits and manned interventions. Design advances include vacuum insulated tubing for subsea HPHT tiebacks, and progress in subsea processing and pressure boosting.