In July the government re-announced that it will grant 100+ new licences for North Sea oil and gas in the Autumn as part of its plan to ‘boost domestic energy supplies’. But we know that new licences will do nothing to secure our energy supplies or lower energy bills.
But what actually is a licence?
An offshore oil and gas production licence is an agreement between an oil and gas company and the government. It gives a company certain rights over a defined area of seabed. Production licences have three potential terms: one for exploration, one for planning, and one for production.
Issuing a production licence does not give a company permission to develop and produce oil and gas. A company can only develop a field if it obtains a production licence and then goes through a series of required approvals.
Hundreds of licences have been issued in the past decade, but it has only led to a handful of oil and gas fields.
We're expecting the licences from this licensing round to be announced any week now, so join us on the 4th October for this training to find out what this means and how we fight back.
If you have any questions about the training please email rona@tippingpointuk.com
