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Wood Review

Wood Review

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Published by TelegraphUK
Sir Ian Wood's review into UK oil and gas industry
Sir Ian Wood's review into UK oil and gas industry

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Published by: TelegraphUK on Feb 24, 2014
Copyright:Attribution Non-commercial

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05/15/2014

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24 February 2014
Sir Ian Wood
UKCS MAXIMISING RECOVERY REVIEW:FINAL REPORT
 
UKCS MAXIMISING RECOVERY REVIEW
 
Contents
Foreword 11. Executive Summary 52. Introduction 9
2.1. Overview 92.2. Business Environment 112.3. Key Issues 13
3. A new strategy for Maximising Economic Recovery from the UKCS (MER UK) 15
3.1 MER UK Strategy 15 3.2 HM Treasury 193.3 Regulator (Licensing and Stewarding o Exploration, Development and Production) 203.4 Industry 25
4. Sector Strategies for the new Regulator to develop and implement with Industry 31
4.1. Exploration Strategy 314.2. Asset Stewardship Strategy 384.3. Regional Development Strategy 414.4. Inrastructure Strategy 444.5. Technology Strategy 474.6. Decommissioning Strategy 50
Annexes 55 Annex A:
 Arguments or a new arm’s length body 55 
Annex B:
 Draf objectives and success criteria or the new Regulator 57 
Annex C:
 Evidence Base 59 
Annex D:
 Terms o Reerence 61 
Annex E:
 Areas not considered by the Review 63
 Glossary of Terms and Abbreviations 64

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