Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what his Department's policy is on the decommissioning of North Sea oil and gas installations; and whether his Department is taking steps to help ensure that (a) direct and (b) supply chain jobs in this sector are based in the UK.
The Government requires that decommissioning of offshore oil and gas installations is undertaken in accordance with relevant UK and international regulatory obligations. The policy is underpinned by the principles of achieving a clear seabed, and those who benefited from exploitation or production of hydrocarbons bear responsibility for decommissioning, through decommissioning programme consultation and approval.
As part of the North Sea Transition Deal agreed between the Government and offshore oil and gas sector in 2021, the sector has set a voluntary target of 50% UK content, including capital investment for oil and gas decommissioning projects, and 30% for locally provided technology.