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We believe we can ensure economic recovery, whilst supporting the drive to net zero carbon by 2050, by having a diverse mix of companies involved in the UKCS – from super majors to mid-cap businesses to small, niche players.

The Petroleum E-business Assignments and Relinquishment System (PEARS) is the NSTA’s portal-based licence administration system.

We run a competitive licensing system and applications may only be made in accordance with approved procedures.

Offshore production licences can be extended beyond their original expiry date if necessary to allow producing fields to fully exploit the associated reserves. 

The UK’s offshore and onshore energy resources are being developed by a wide range of companies spanning different sectors. These rich and abundant resources continue to attract new companies and investors from within the UK and overseas.