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The NSTA is committed to maximising the well value cycle on the UKCS through effective regulation, promotion and by using its influence with licensees, the supply chain and relevant bodies.

Date of material completion of a project described in a Field Development Plan or Field Development Plan addendum

The development phase of the oil and gas life cycle covers the period after an economic discovery has been made and details the processes required to take the discovery up to, but before, the production phase. 

The NSTA may propose the determination of an area as a “Cluster Area” in accordance with the Supplementary charge: cluster area allowance provisions in Finance Bill 2015.

The Oil Taxation Act 1975 states that all fields are to be “determined” by a boundary drawn around them. A proposed determination of a field must be made before the NSTA can consent to a Field Development Plan (FDP).

The NSTA estimates that there is potential for up to 3.8 trillion cubic feet (tcf) of remaining gas resources within the Southern North Sea (SNS), inclusive of infill opportunities, undeveloped discoveries and prospects.

The development and operation of fields extending beyond the limits of the UKCS, or fields wholly on one or another Continental Shelf which require the development of new transboundary pipeline infrastructure or wells and control facilities.