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A company that is party to a licence may wish to sell its interest, or a part of it, to another company. It requires the NSTA ’s prior consent to do so.

The licensing regime is designed to maximise the economic recovery of UK offshore oil and gas. 

The licence requires that only an approved operator may manage or supervise the exploration and production phases of an oil or gas development. The objective of this requirement is to ensure that field operations are undertaken competently.

This is the general approach the NSTA will normally take on consulting (including on guidance)

Guidance on NSTA’s requirements for ‘good oilfield practice’ in fiscal oil and gas measurement; approval process for new developments (including fields shared with Norway). 

Documentation about the NDR and Open Data

The NSTA is the regulator for flaring and venting under the Energy Act 1976 (as amended by the Energy Act 2016) and the Petroleum Act 1998

The Field Development Plan (FDP) is the support document for the NSTA’s development and production authorisations and should provide a brief description of the technical information on which the development is based.