Search

Guidance on Applications for a Carbon Storage Permit

The total cost of decommissioning UK offshore oil and gas production, transportation and processing infrastructure has reduced by 19%, on a like-for-like basis, to £48bn compared with the 2017 base-line estimate of £59.7bn

Decommissioning cost estimates continue to fall and have reduced by a further 4% in 2021

Companies who want to participate in the exploitation of the UK’s oil and gas resources need (among other things) a Production Licence granted by the NSTA.

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: