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Taxation4
Taxation

The tax regime which applies to exploration for, and production of, oil and gas in the UK and on the UK Continental Shelf (UKCS) currently comprises the following four elements, described briefly in turn below:

The North Sea Transition Deal

The North Sea Transition Deal is an agreement between industry and government to deliver an orderly energy transition. The NSTA is helping deliver on many of the aims of the deal.

Hydrogen

Low-carbon hydrogen has the potential to bolster the UK’s future energy security and play a transformative role in the UK’s transition to net zero.

What we do - Supporting the supply chain

The UK has a world-class supply chain which has provided the skills, services and pioneering technologies needed to deliver North Sea oil and gas in some of the harshest weather conditions for more than half a century.  

Supply Chain Action Plans

The North Sea Transition Authority (NSTA) introduced new measures in 2018 to ensure operators work appropriately with the supply chain and derive maximum value from project activity.