The Energy Bill unveiled in July, will, if enacted in its current form, represent a major plank in the rapidly evolving UK offshore petroleum regulatory system.
The Energy Bill seeks to establish the Oil and Gas Authority as autonomous regulator under broad Department of Energy and Climate Change (DECC) control; create a new non-binding dispute resolution system; provide the OGA with broad power to ensure that petroleum related information and samples are preserved; to allow OGA to attend meetings bearing on maximising economic recovery (MER); to allow the OGA to sanction infractions of the MER strategy and much else. This new draft legislation is key to the future of the UKCS.
Join us in Aberdeen at the Marcliffe Hotel and Spa on Tuesday, September 1, for a high level review of these key elements of the Energy Bill, its relationship to Section 41 of the Infrastructure Act 2015 (on MER) and the recommendations outlined in the Wood Review and our views on whether the Energy Bill can achieve its intended aims.
The seminar will include time for discussion and networking following our presentation and we would be delighted to hear your views on the topic.
If you would like to attend please contact events@bonddickinson.com for details.