The North Sea Transition Authority (NSTA) has updated its guidance for future carbon storage permit applicants. The organization released a set of documents that outline best practices and requirements for companies and organization that want to apply for CO2 storage licensing.
The guidance and documents that a company has to review and prepare can be found in the carbon storage section of the NSTA website.
Earlier this year the North Sea Transition Authority completed the first round for carbon storage licensing which attracted 26 bids and is set to award licenses in early 2023 for the 13 areas that were on offer.
This is one of the first initiatives after the NSTA was renamed back in March, 2022. Before that it was known as the UK Oil & Gas Authority but was renamed to reflect its evolving role and focus on monitoring emissions and providing licences for carbon storage.