Maximising Economic Recovery of Offshore UK Petroleum: Draft Strategy Consultation
Section 9A of the Petroleum Act 1998 creates an obligation on the Secretary of State to produce a Strategy for achieving the Principal Objective of maximising the economic recovery of UK petroleum (the MER UK Strategy). Section 9G of that Act requires the Secretary of State to produce a draft of the Strategy and to consult such persons as she considers appropriate about the draft.
The MER UK Strategy is a legal document containing obligations with which those bound by it are required to comply. Once in force, the Strategy will be binding on the Secretary of State, the OGA, petroleum licence holders, operators appointed under those licences, the owners of upstream petroleum infrastructure, and those planning and carrying out the commissioning of upstream petroleum infrastructure.
This Consultation invites views on the suitability of this draft in particular from all those who will be subject to the Strategy.
The full Consultation can be viewed here.
The Consultation closes on 8th January 2016.
Source: DECC