Schedule 6: Carbon dioxide storage licences: licence provisions
This Schedule amends the standard conditions for CO2 storage licences under Schedule 1 to the Storage of Carbon Dioxide (Licensing etc.) Regulations 2010. The effect of these amendments is to replace the Oil and Gas Authority’s (OGA’s) current "after the event" powers in relation to change of control of carbon storage Licensees and permit operators with powers intended to apply before a change of control has taken place.
	Licensees and permit operators must apply in writing to the OGA for consent at least three months before the planned date of the change of control. Following receipt of an application the OGA may give unconditional or conditional consent or refuse consent to the proposed change of control. If the OGA proposes to grant consent subject to any condition, or to refuse consent, it must give the relevant company the opportunity to make representations and then consider any such representations. This Schedule also gives an indication of the kind of conditions that may be imposed and sets out that notification of the OGA’s decision and any conditions must be made in writing to the existing and proposed new Licensees. The OGA must generally decide an application within three months of receiving it, although may delay its decision by notifying the interested parties in writing.
	This Schedule also makes amendments to the standard conditions in respect of the OGA’s powers of revocation and partial revocation, again intended to replace the existing after the event powers with before the event powers.