Licence assignments As from 1 October 2016, the Energy Act 2016, and Regulations made under it, transferred certain functions from the Secretary of State for Energy and Climate Change (now the Secretary of State for Energy Security and Net Zero) to the Oil and Gas Authority. View more
Licence extensions Offshore production licences can be extended beyond their original expiry date if necessary to allow producing fields to fully exploit the associated reserves. View more
Licence relinquishment Offshore and Onshore production licence relinquishments - surrenders - and determinations - are processed through the UK Energy Portal using the PEARS User Guidance. View more
How to relinquish a licence How to relinquish a petroleum licence or surrender acreage; notice periods. View more
Operatorship 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: View more
PEARS The Petroleum E-business Assignments and Relinquishment System (PEARS) is the NSTA’s portal-based licence administration system. View more
Security over licences It is common practice for banks lending money to companies to demand a charge on the company’s assets as a form of collateral. View more
Licensing and Consents Licences fall into several categories. The principal distinctions are between onshore licences and offshore licences, with a further distinction between exploration licences. View more