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

SM Power completes Civitas merger, expands Permian and U.S. shale footprint

SM Power Firm has closed its all-stock merger with Civitas Assets, Inc. following shareholder approval at particular conferences held Jan. 27. The mixed firm will proceed working underneath the SM Power identify.  The transaction...

At this time’s NYT Connections: Sports activities Version Hints, Solutions for Feb. 1 #496

Searching for the most up-to-date common Connections solutions? Click on right here for right this moment's Connections hints, in addition to our every day solutions and hints for The New York Instances Mini Crossword,...

XRP About To Make A New Wave Of Multi-Millionaires As Capital Floods In

Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Advert Disclosure Capital is rotating again into high-potential crypto belongings, and XRP is rising as the first beneficiary of the shift. As...

Tesla overtakes Bitcoin on world asset leaderboard

Bitcoin has fallen to the Twelfth-largest asset globally by market capitalization, slipping behind...

AYANEO Pocket S Mini skips crowdfunding, with gross sales beginning now- Android Authority

TL;DR The AYANEO Pocket S Mini is on the market now to order, and it’s in inventory and able to ship. Earlier handhelds have confronted important delays in crowdfunding, so it is a welcome change. The...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com