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We will continue to undertake pro-active, structured and prioritised stewardship reviews with operators and licensees based on intelligence gathered, prioritising those with the greatest impact on economic recovery and support the drive to net zero carbon by 2050.

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).

Under the model clauses applicable to a seaward production licence, licensees require the NSTA’s consent to erect or carry out permanent works for the purpose of getting or conveying petroleum from a licensed area.