Since the completion of the iconic Wood Review of 2014, the UK offshore petroleum law regime has undergone a deep transformation, with the creation of a new regulator (the Oil & Gas Authority) with significant new responsibilities and powers, the adoption of the maximising economic recovery dynamic (MER) with all of its new law and guidelines, and a much-changed petroleum tax regime. Added to this are the legislative moves and societal pressure towards carbon net-zero by 2050. The UK onshore petroleum regime has also been the subject of huge change.
VassPetro lives and breathes these changes as they happen. UK oil and gas clients can rely on VassPetro to provide rapid and discerning regulatory advice on both onshore and offshore petroleum systems.
VassPetro is the master of such regulatory issues as MER, third party access to offshore infrastructure and decommissioning regulation
“Uisdean Vass has been advising Standard Field Development since we first successfully applied for License P2451 which covers the Central North Sea Block21/28b, upon which is located the Fyne Field and other prospects. He is a very experienced and commercially oriented oil and gas lawyer, who has a strong understanding of the UKCS regulatory system. Uisdean has always been very accessible and flexible regarding the service to us as a client. He has a strong client focus and is very easy to work with. Our experience working with Uisdean has been very good and I am happy to give him my best recommendations.”Geir Aune, CEO, Standard Field Development Limited
“I regard Uisdean Vass as a well-informed and thoughtful commentator on the MER system of offshore regulation in general and the decommissioning system in particular”Jim Christie, former worldwide Head of Decommissioning at Marathon Oil Company, former Head of Decommissioning at the OGA