Wednesday 19 December 2018

On the United Kingdom Continental Shelf (UKCS), the decommissioning of offshore oil and gas installations and pipelines is controlled through the Petroleum Act 1998, as amended by the Energy Act 2008. Under the Petroleum Act 1998, owners of an offshore installation or pipeline must obtain approval of a ‘Decommissioning Programme’(DP)

from the Department for Business, Energy and Industrial Strategy (BEIS) before they can proceed with its decommissioning. Faroe will submit two DPs to BEIS for their approval, one to cover the Ketch field and one to cover the Schooner field. The scope of the DPs will be for the facilities for which Faroe have liability to decommission under the Petroleum Act 1998.

Full Faroe Petroleum report can be found here.