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