FIG NEWS28 Jan 2025 12:06
All,
The record of the meeting of 28th November.
"ExCo also agreed to continue to set aside a tract of land in the Gordon Lines area for the oil industry until 2026 and considered high-level details of a proposed new oil and gas decommissioning regime. This would provide financial cover for both early project failure via upfront security and planned end-of-life decommissioning through a decommissioning trust fund. Officers will now begin work on the detailed policy design, including tax treatment of the proposed arrangements"
"Other work with Navitas is on-going, including reviewing various supporting documentation
for the Field Development Plan that has been submitted for comment, including their Oil
Pollution Emergency Plans, Waste Management Strategy, Insurance Plan and Financial
Liability Assessment for oil spills, as well as matters such as tax clearances and petroleum
valuation. A workshop is planned with Navitas for early December to discuss on-going work
and any issues.
Work also remains on-going to develop the new offshore health, safety and environment legislation. The health & safety element of the planned new ordinance is largely complete and is currently with HSE UK for review. After the ordinance is finalised, the next stage is to produce the associated regulations and guidance."
"The Department of Minerals is now fully staffed after the new Project Director started work in October; he has been largely working on developing the oil readiness programme timeline and risk register"
No mention of any work being done with Borders.....again! They must be keeping it all very secret!?
https://assembly.gov.fk/jdownloads/Assembly%20Records%20and%20Order%20Papers/Legislative%20Assembly%20Records/2024/10.%20Legislative%20Assembly%20Record%2028%20November%202024.pdf
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