Article summary
The North Sea Transition Authority (NSTA) has launched an investigation into an operator suspected of breaching one of its licence conditions. The investigation seeks to assess whether the licensee conducted a 'well test', that intends to gauge whether or not the reservoir can produce oil or gas, without consent and failed to provide timely notification of test completion. The NSTA notes that companies must all abide by the same rules of business, that it has produced a wide range of guidance and can provide ongoing stewardship support to operators. Subject to the investigation results, a fine of up to £1m could be levied if the operator is found to not have met its obligations.
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