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This document provides general guidance as to the approach we will usually take in assessing whether a project achieves a Satisfactory Expected Commercial Return (‘SECR’).

The term “tight gas” is an economic term commonly used to describe low permeability gas reservoirs that produce primarily dry gas. Production rates and recoverable reserves are typically uneconomic unless reservoir stimulation techniques are used to enhance recovery

Production Efficiency (PE) is a core element of the industry production optimisation and asset stewardship focus which is vital to maximising economic recovery from the UKCS

This guidance sets out when the Authority will consider the financial capability of a legal or natural person (“person”) and the factors that the Authority will usually take into consideration when doing so

7 September 2021

Board Minutes