UK Continental Shelf oil and gas mediation pilot program extended



5/10/2022

The North Sea Transition Authority (NSTA) has extended the UKCS mediation pilot in order to gather further data to judge its overall value.


The program was first launched in 2020 to test the extent to which mediation can resolve certain disputes between oil and gas licensees, operators and infrastructure owners in the UK Continental Shelf.  It was extended in 2021 following positive, but limited, initial take-up as industry dealt with the challenging conditions caused by the Covid-19 pandemic. 

To analyze the benefits of the scheme, more data from parties who have used it is needed, so the pilot will be extended until at least six mediations have taken place or until 31 December 2023, whichever is sooner. 

“We have received positive feedback from the companies that have used the scheme and see real opportunities for successful collaboration for the resolution of issues and disputes in the UKCS,” said Jane de Lozey, NSTA Head of Disputes and Sanctions. “To effectively analyze the benefits of the scheme for industry, more data is needed and as a result we have extended the pilot.”

This pilot scheme covers mediations provided by CEDR for parties referred by the Oil and Gas Authority (the ‘OGA’) under their remit to consider collaborative solutions to disputes that occur within the upstream oil & gas industry and to maximize the economic recovery of petroleum that is found in the UK.

For further information on the project, click here.







Source link

Related articles

Ripple Impact? Hidden Street Enters Center East with “In-Precept” Abu Dhabi Licence

Maximising Dealer Development with B2CORE’s IB Module Maximising Dealer Development with B2CORE’s IB Module ...

Revenue Like By no means Earlier than: The AI Foreign exchange Advisor That Transforms Your EUR/USD Buying and selling right into a Cash-Making Machine!...

Amazon AI: Nothing is not possible, it’s only a matter of creating it occur! This can be a totally...

Insmed Included 2025 Q1 – Outcomes – Earnings Name Presentation (NASDAQ:INSM)

Q1: 2025-05-08 Earnings AbstractEPS of -$1.42 misses by $0.08  | Income of $92.82M (22.94% Y/Y) beats by $736.76KThis text was written byComply withLooking for Alpha's transcripts staff is accountable for the event of all...

Astell&Kern to unveil the A&Ultima SP4000 digital audio participant

Astell&Kern (A&Ok) have introduced that it will likely be debut its new flagship digital audio participant, the A&Ultima SP4000, at Excessive Finish Munich in Germany on Might 15. The iRiver subsidiary additionally introduced...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com