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We expect that the adoption and implementation of good commercial practice should enable activity to be progressed in a manner, and at a pace, consistent with obligations in the MER UK Strategy

Ensuring that decommissioning is carried out in a timely and cost-effective manner not only helps value creation from the UKCS, but also demonstrates industry’s commitment to responsibly managing the UK’s petroleum legacy.

The NSTA operates a licensing regime that gives companies exclusive rights to search, bore for and get petroleum. Petroleum licences are issued after a competitive process, usually a licensing round.

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We expect that operators will maximise the value of wells throughout the well lifecycle