OGA opens ‘sanctions investigation’ into North Sea operators failing to collaborate

OGA opens ‘sanctions investigation’ into North Sea operators failing to collaborate

The Oil and Gas Authority (OGA) has opened an investigation and is threatening sanctions over a commercial dispute which saw North Sea firms failing to collaborate.

Details have largely been kept under wraps, but the regulator said it relates to a “disagreement” over recovery of oil and gas which sparked the sanctions procedure.

The OGA said there was a “possible failure” by companies to meet the OGA's Maximising Economic Recovery (MER) strategy as a result of the dispute.