North Sea Transition Deal

The NSTD: the first by a G7 country, will accelerate the energy transition, reduce UK emissions, and create new jobs across the UK. It’s a prime opportunity for us to take the next big step in leading the UK into a net-zero future

The North Sea Transition Deal (NSTD) encompasses five commitments, that will align for a “one deal implementation” and members have access to a range of resources including online presentations, slide packs and an animation. These comprise the NSTD overview, Carbon Capture and Storage, Hydrogen, Supply Decarbonisation, Supply Chain Transformation and People & Skills.

Member exclusive

North Sea Transition Deal resources

Members have access to a comprehensive range of exclusive information resources.

Here the OGUK team provides more insight on the North Sea Transition Deal, agreed in March with the Government, and what it means for the workforce. This transformational Deal is the first of its kind by a G7 country and presents a prime opportunity for companies and employees to take the next big step in leading the UK into a net-zero future.

These online resources comprise an overview of NSTD and its five themes; Carbon Capture and Storage, Hydrogen, Supply Decarbonisation, Supply Chain Transformation and People & Skills.

Login and access all members NSTD resources

The deal will help to:

  • Support the creation of up to 40,000 new energy jobs in industrial heartlands across the UK

  • Cut UK emissions by 60 million tonnes, with 15 million tonnes of reductions from industry production by 2030 - the equivalent of annual emissions from 90% of the UK’s homes

  • Boost the world-leading infrastructure – carbon capture – the Committee on Climate Change says is necessary to tackle climate change

  • Kickstart hydrogen here in the UK, building a platform to provide an alternative for heating, heavy industry, and transport

  • Ensure energy communities like Aberdeen and Teesside can successfully transition, retaining jobs and skills and creating a more diverse and inclusive workforce

  • Reduce reliance on imported oil and gas – and be accountable for associated emissions

Commenting

OGUK Chief Executive Deirdre Michie OBE said:

The North Sea Transition Deal is a transformative partnership which will harness the expertise of the UK offshore oil and gas industry to urgently meet the country’s climate ambitions of net zero emissions by 2050.

It will unlock billions of pounds of investment and see government and industry work together to deliver a homegrown energy transition, realising innovative low carbon solutions that can be exported globally.

“The Deal will safeguard UK energy security, providing affordable energy to millions of households, secure tens of thousands of jobs in industrial heartlands across the country and support the UK economy. It is the first deal of its kind by any G7 country and a striking example of the UK showing global leadership on climate change ahead of COP26.

Find out more

Do you want to know more about the North Sea Transition Deal? You can view the press release now.

Read press release

Contact us

Please get in touch if you have any queries about the North Sea Transition Deal.

Email the team