Related Articles
Upstream activity will not stop in the UK North Sea
Forward article link
Share PDF with colleagues

UKCS licensing set to continue

The country’s North Sea Transition Deal will apply new conditions to future drilling permits but allow oil and gas activity to proceed

The London government plans to introduce a new climate compatibility checkpoint before any future UK continental shelf (UKCS) oil and gas licensing rounds “to ensure licences awarded are aligned with wider climate objectives, including net-zero emissions by 2050”, as part of its North Sea Transition Deal announced on Wednesday. The checkpoint “will use the latest evidence, looking at domestic demand for oil and gas, the sector’s projected production levels, the increasing prevalence of clean technologies such as offshore wind and carbon capture, and the sector’s continued progress against its ambitious emissions reduction targets”. But, crucially, E&P will continue. “As long



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
North Sea independents aim to reap carbon footprint benefits
3 December 2021
Two of the basin’s larger producers consider ways to cash in on relatively greener production
Southeast Asian NOCs take different paths
3 December 2021
Petronas, PTT and Pertamina are pursuing divergent strategies after coming to dominate the region’s upstream in recent years
Aramco back to petchems drawing board
3 December 2021
The Saudi heavyweight’s international downstream expansion strategy will need another reboot
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video