Following extensive consultation with industry, the NSTA has finalised a set of recommended principles and practices which will encourage buyers, sellers and interested third parties to work together to ensure that transactions go through without undue delay and the full potential of the North Sea is met.
The Guidance has been created to help industry minimise transaction delays which increase costs, prolong uncertainty, hold up operational and strategic decisions, damage trust and working relationships among companies working in the Basin and erect real barriers to investment.
The guidance can be accessed here.