Less Ads, More Data, More Tools Register for FREE

BP fined GBP50,000 over a licence breach in the North Sea

Mon, 26th Jul 2021 15:40

(Alliance News) - BP PLC has been fined GBP50,000 by the UK Oil & Gas Authority for breaching a licence condition in the North Sea.

The OGA said that BP failed to report the progress and results of two extended well tests in the Vorlich field, and has also served it with a sanction notice.

Having previously consented to the drilling of two development wells, the OGA granted further consent for BP to conduct extended well tests on two wells in August 2019.

Those consents included the need for the licensee to provide regular reports during EWT operations, the reporting requirements, and BP was also required to submit a full report of the results and conclusions within 90 days of completion of the EWT operations.

The OGA said that in November 2020, following an inquiry by the authority, BP admitted that it had failed to report as required.

The authority said that by failing to comply with the reporting requirements, BP unintentionally created an "unregulated environment in which the OGA was unsighted of BP's actions".

Jane de Lozey, OGA acting director of regulation, said: "We are committed to maintaining a strong regulatory regime to uphold standards and ensure a level playing field for licensees and operators in the UK Continental Shelf.

"On this occasion BP has fallen short of our expectations but, since becoming aware of the breach, BP has engaged positively with the OGA to investigate the cause of the failure and reaffirmed its commitment to compliance with its regulatory obligations in future.

"We will continue to work with industry to improve compliance, and we are currently considering other matters within the UKCS that may result in further regulatory action."

BP has been asked for comment.

By Lucinda Cameron, PA Scotland

source: PA

Copyright 2021 Alliance News Limited. All Rights Reserved.

Related Shares

More News
13 Jun 2024 16:22

Ukraine agrees on first LNG supply deal with US company Venture Global

June 13 (Reuters) - Ukraine signed on Thursday its first liquefied natural gas (LNG) deal with a U.S. company to help to avert an energy supply crun...

11 Jun 2024 16:00

Woodside's Sangomar project produces first oil in Senegal

DAKAR, June 11 (Reuters) - Senegal's Sangomar oil and gas field has produced its first oil, operator Woodside Energy said on Tuesday, adding that th...

11 Jun 2024 13:31

OPEC keeps global oil demand forecasts unchanged

(Sharecast News) - The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.

10 Jun 2024 23:46

Sector movers: Oil majors catch a bid after nearly a month of share price declines

(Sharecast News) - Oil & Gas shares caught a bid on Monday, tracking a rebound in oil prices after about two month's of losses, despite strength in th...

10 Jun 2024 22:44

California seeks company profits in Big Oil climate lawsuit

June 10 (Reuters) - California's attorney general on Monday sought to force the world's biggest oil companies to give up profits the state alleges t...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.