Closed tender

Research into Long-Term Liabilities in the Onshore Oil and Gas Industry

Details

Buyer
Department of Energy and Climate Change
Value
GBP 30,000
Topic
Research and development services and related consultancy services
Published
20 March 2015
Submission
7 April 2015

Tender description

Description The overall aim of this research project is to inform the system governing long term liabilities in the onshore oil and gas industry. It is expected that any long-term risks in respect of abandoned onshore oil and gas wells are likely to be environmental risks relating specifically to operations. The project has two primary goals: • To research into the scope of existing insurance products in the oil and gas and other industries, and to inform the development of the necessary elements / framework to ensure that operators have access to the best instruments for funding and managing their long-term liabilities. • To research and inform DECC’s support for work by industry to develop an effective industry scheme for liabilities (including where a licensee is insolvent). And, building on examples from other industries or jurisdictions, indicate how Government could interact with any such scheme.

Timeline

  1. Completed: Tender published20 March 2015
    Current notice
  2. Completed: Submission date7 April 2015

About the buyer

Department of Energy and Climate Change is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

  • 73000000 · Research and development services and related consultancy services

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