OGA Publishes Guidance on Offshore Licence Work Programme Commitments (link)
The OGA has published guidance on the management of offshore licence work programme commitments.
The document provides guidance on the OGA’s usual approach in considering and agreeing with a Licensee an alternative work programme, in accordance with Paragraphs 11 and 12 of the MER UK Strategy. The guidance considers the situation with regard to firm commitments to carry out a work programme under a Seaward Production licence in its Initial Term, including in relation to firm commitments to drill wells in the Initial Term.
Source: OGA.