NSTA moots new North Sea exploration target in revised five-year strategy

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Gulf
  • Date: 13-May-2022
  • Source: Energy Voice
  • Sector: Economy
  • Country: Gulf
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NSTA moots new North Sea exploration target in revised five-year strategy

The North Sea Transition Authority’s (NSTA) latest strategy update suggests it plans to continue holding licence rounds in accordance with the government’s climate compatibility checkpoint.

The regulator set out its intentions in a new Corporate Plan published on Friday, which outlines its priorities for the next five years, up to 2027.

“We plan to hold licensing rounds, taking the government’s climate compatibility checkpoint into account, and steward new oil and gas developments to production to bolster energy security and resilience, while ensuring that North Sea operations are cleaner,” the latest strategy says.

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