The Carbon Dioxide Transport and Storage (Financing of Costs of Offshore Decommissioning) Regulations 2026

These Regulations make provision for the establishment of offshore decommissioning funds to meet the decommissioning costs relating to offshore carbon dioxide-related infrastructure. Obligations in respect of the decommissioning and abandonment of such infrastructure are established in other legislation – for instance, Part 4 of the Petroleum Act 1998, the Storage of Carbon Dioxide (Licensing etc.) Regulations 2010, and other licensing regulations applicable to different parts of the United Kingdom. These Regulations require security for the costs of such decommissioning obligations to be provided by way of an offshore decommissioning fund, and establish requirements for these funds in respect of the fund operational and post operations periods, as defined in regulation 2 and Schedule 1.