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PEARS

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

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: 

Change in control

The model clauses do not impose any requirement for approval of a change of control of a Licensee, for example, a corporate takeover, but they do grant NSTA the power to require a further change of control, and failing that a power of revocation.

Guidance Mockup
Guidance

The NSTA produces a range of guidance documents, to support and assist industry in fulfilling its responsibilities and obligations, to set clear expectations on standards and behaviour, and to help share best practice.

Tight Gas

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.