We regulate the licensing of exploration and development of the UK’s offshore and onshore oil and gas resources, gas storage and unloading activities in accordance with the MER UK Strategy.
We also have a critical role to influence and encourage a culture of greater, and to promote investment in the UKCS, value creation across the supply chain in the UK and through exports.
Through effective asset stewardship we aim to optimise efficiency and maximise economic recovery while maintaining high standards of safety and environmental management.
Assets include licences, prospects, discoveries and infrastructure at all stages in the upstream oil and gas lifecycle. Effective stewardship is achieved when assets are in the hands of those with the will, behaviours and resources consistently to do the right things to identify and pursue opportunities that deliver MER UK outcomes.