Sustainability Strategy Commitments

UKOOA Sustainability Strategy 2002 - First Report 1. Economic Sustainability 1.4 Stimulating business activity   Commitment No. 17 - Licence trading event (farm-ins) "On the back of LIFT and with the support of DTI and PILOT, we have launched a mini virtual licence round in order to stimulate interest and increase activity on the UKCS. This LIFT-inspired Farm-in Event (LIFE) streamlines access for a new entrants and start-ups and allows partner re-alignment. Focusing attention on exploration should allow identification of cost effective, multi-well programmes and clusters with prospects." Progress to date : achievements and difficulties encountered This was tried, but did not prove worthwhile and, therefore, is no longer active. Operators found that the anticipated benefits could not be realised in practice. Website References Deal Website : www.ukdeal.co.uk Lift Website : www.uklift.co.uk PILOT Task Force : www.pilottaskforce.co.uk Next commitment [18. On-line data source for UKCS information] Previous commitment [16. Web site support for asset trading] Commitment listing

Sustainability Strategy Commitments