It would not be appropriate for me to comment on the potential of individual authorisations. Under the Government’s policy on Petroleum Exploration and Production, published in August this year, those holding existing authorisations can continue to apply to progress through the standard licensing lifecycle stages towards a natural conclusion, which may include expiry, relinquishment production or rejection.
Any applications for follow-on authorisations or applications to undertake offshore activities under an authorisation are subject to Ministerial consent and must continue to meet environmental, technical, and financial criteria as appropriate.