Explanatory Note

(This note is not part of the Regulations)

These Regulations set out the requirements for the retention of carbon storage information and carbon storage samples by holders of carbon storage licences granted by the Oil and Gas Authority (“licensees”). “Carbon storage information” and “carbon storage samples” are defined in section 107 of the Energy Act 2023 (c. 52) and cover information, and samples, acquired or created by, or on behalf of, licensees in carrying out activities under their carbon storage licences.

Regulation 3, and Schedule 1, set out the carbon storage information that is to be retained by licensees and the period for which it is to be retained.

Regulation 4 sets out which carbon storage samples are to be retained by licensees and the period for which they are to be retained.

Regulation 5 makes transitional provision in respect of cases where a licensee’s rights under a carbon storage licence terminates.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.