23 Aug 2024 North Sea Transition Authority (NSTA) approach to assessing Financial Soundness of Track 1 cluster Transport & Storage Companies (T&SCos) to hold an NSTA carbon dioxide storage permit
Operatorship The licence model clauses oblige the licensee to nominate an entity that has responsibility for organising or supervising all or any of the operations of searching or boring for or getting petroleum in pursuance of the licence, namely: View more
Bacton Energy Hub The NSTA recognises that Bacton has the potential to establish itself as a low carbon hydrogen hub. This would ensure Bacton remains a key regional energy hub, leveraging existing infrastructure and resource in the region to ensure its low carbon future. View more
Wells - Consents The NSTA grants licences that confer exclusive rights to ‘search and bore for and get petroleum’. View more