Shearman And Sterling

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December 01, 2015

DECC Consultation on Strategy for Maximising Economic Recovery of Offshore UK Petroleum

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The DECC is inviting comment on the draft OGA Strategy to maximise the economic recovery of petroleum in the UK.  The Strategy could result in a very different approach being required by all stakeholders to meet their obligations in support of the Strategy and wide ranging powers will be given to the OGA to police this.  Given the nature of the changes, stakeholders are being asked to share their views on the draft, and particularly whether it provides sufficient clarity and guidance on what will ultimately be a fundamental change of approach.

View full memo, DECC Consultation on Strategy for Maximising Economic Recovery of Offshore UK Petroleum