Shale Round takes shape
By Roy Pinnock
The government has published the application criteria for the 14th Onshore Petroleum Exploration Development Licence (PEDL) Round, accompanied by new planning practice guidance (‘Planning for hydrocarbon extraction’) for use with applications. There are some surprises in the PEDL materials, which significantly increase the need for planning and environmental input at the PEDL licensing stage. While the planning practice guidance offers nothing new, it is a large political signpost away from National Parks and Areas of Outstanding Natural Beauty until the next general election.
The PEDL regime is the bidding process for companies seeking licences to explore for onshore oil and gas under the Petroleum Act 1998. The licence terms for the 14th PEDL Round have been tailored to reflect the approach to ‘unconventional’ oil and gas exploration, including ‘drill or drop’ provisions (extinguishing the licence if progress has not been made to implement it) and licences that enable multiple operators to carry out initial exploration. The PEDL application criteria now published by the Department for Energy and Climate Change set out the financial hygiene, competence and governance requirements for licence awards…
Click on the link below to read the rest of the Dentons briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from The Lawyer
Analysis from The Lawyer
So last week it emerged that Dentons, already the biggest law firm in the world, is currently in merger negotiations with 21 firms around the globe.
Life in Canada is getting harder for firms as commodities prices fall and work volumes slow