Part 2: Carbon dioxide capture, storage etc and hydrogen production, transport and storage Chapter 5: Carbon Storage Information and Samples Section 117: Financial penalty notices
Section 117 provides for financial penalty notices (which can be given by the OGA under powers in section 115). It sets out what such a notice should contain, sets out some procedural requirements, provides for a statutory maximum penalty and requires the OGA to issue guidance concerning how it will determine the amount of the financial penalty.
	Any financial penalties are to be paid into the Consolidated Fund.
	Subsection 10 establishes power for the Secretary of State, by regulations, to amend the financial penalty to a maximum value of £5 million.