The Oil and Gas Authority (OGA) has launched what is believed to be one of the largest ever single open releases of data with the launch of the UK’s first UK Oil and Gas National Data Repository (NDR).
The transaction is subject to regulatory approvals, including approval by the U.S. antitrust authorities, and other customary conditions.
The introduction of a royalty imposed on investors may be counter-productive for the government in the longer term, according to GlobalData.