Proposed revisions to NOPTA’s Cost Recovery Implementation Statement: have your say
The National Offshore Petroleum Titles Administrator (NOPTA) recently completed an internal review of its 2016 to 2017 cost recovery implementation statement (CRIS).
NOPTA’s fee and levy charges were last increased on 1 July 2016. A scheduled review of NOPTA’s CRIS was intended for 2020 but was postponed by 12 months due to the prevailing COVID-19 situation.
Since this time NOPTA has managed costs internally to avoid increases to industry. While charging amounts have remained steady, NOPTA’s operational costs have continued to increase.
To ensure that NOPTA can meet ongoing operational costs, NOPTA is proposing an increase in levies and fees of 10% from 1 January 2022, to be reviewed in 12 months.
We are asking for feedback on the proposed changes. Consultation closes 8 October 2021.