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Licensing Regime
Licensing regime

The Petroleum Act 1998 vests all rights to the nation’s petroleum resources in the Crown, but the North Sea Transition Authority can grant licences that confer exclusive rights to ‘search and bore for and get’ petroleum.

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What we do - Energy Security

The North Sea has been helping to provide light and warmth for UK homes and industry for more than 50 years and will continue to be an essential resource for supporting UK energy security for many years to come.