OIL & GAS LAW DISSERTATION HELP

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The Oil and Gas Act of 1998, which was later renamed the Petroleum Act, is the primary piece of law in the UK that regulates the drilling and extraction of gas, shale gas, and crude oil. The Petroleum Act expects all UK oil and gas exploration and production and supports the process by which the OGA (as well as the Welsh and Scottish Ministers for onshore gas and oil in Wales and Scotland, respectively) grant licenses for people to search for, drill for, and at some point get petroleum. The authority to do surveys and develop a certain geographic region is granted to license holders.

Regulation

The responsibility to set up energy and climate change mitigation policies and for creating the structure necessary to carry out the policy setups in those domains rests with the Department for Business, Energy, and Industry Strategy (BIES). In 2016, the OGA was formally founded as a publicly traded company and sovereign regulator, with the Secretary of State Bank for Business, Energy, and Industrial Strategy being the only participant. In the end, Parliament will be the Secretary of State's answer for the OGA.

The OGA is in charge of licensing and managing the oil and gas industry, which includes:

• Licensing for oil and gas

• Exploration and production of oil and gas

• Wells and the oil and gas field

• Infrastructure for oil and gas

• Licences for carbon storage

Treaties

The UK is party to many treaties, including the Energy Charter Treaty, which governs energy-related topics; in addition, the UN Convention on the Law of the Sea and the Geneva Convention on the Continent Shelf set out boundaries for the state's territorial sea. Also, the United Kingdom got foreign arbitral awards, including those from the Geneva Convention and the UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

Getting licenses

The Petroleum Act gives OGA complete authority and permits it to authorize those who engage in search, bore, and control activities. Only licenses outlined in the Petroleum Act are acceptable for the exploration and production of petroleum in the United Kingdom. A license to operate with mutual consent must be obtained by a company that wants to participate in the UK's oil and gas industry.

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