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Industry Codes
of Practice
Infrastructure
Code of Practice (ICoP)
This non-statutory Code sets out principles and
procedures to guide all those involved in negotiating third-party access to
oil and gas infrastructure on the UK Continental Shelf (UKCS). This Code sets out specific principles
and procedures designed to govern access to infrastructure. It is
complementary to the industry’s overarching Commercial Code of Practice
(agreed in 2002) within which commercial negotiations should be conducted
to promote co-operative value generation.
Its purpose is to facilitate the
utilisation of infrastructure for the development of remaining
UKCS reserves through
timely agreements for access on fair and reasonable terms, where risks taken
are reflected by rewards. By their
endorsement of this Code, parties make a commitment to be guided by its
principles and procedures
This Code was developed by Oil & Gas UK
(then UKOOA) in consultation with the Department for Business, Enterprise and
Regulatory Reform (then DTI) and a wide range of other parties and launched
in August 2004.
Commercial Code
of Practice (CCoP)
During
2002, as part of its work to help secure the long term future of the UK Continental
Shelf, the Progressing Partnership Working Group (PPWG), set up by PILOT
with Government and industry representation, produced a voluntary
Commercial Code of Practice for negotiations such as asset transfers etc.
The
purpose of the Code is to help establish an agreed framework that would
minimise (the often very considerable) resources spent on such negotiations
and promote positive commercial behaviour.
The majority of licensees subsequently signed up, and annual surveys
on transactions undertaken are now carried out to how the Code has been
applied, and the issues associated with successful and streamlined deals.
Supply Chain
Code of Practice (SCCoP)
Developed
by a work group established by ILT / PILOT under the Progressing
Partnership banner (PPWG), the Supply Chain outlines a set of best practice
guidelines.
First
adopted by the industry in 2002, signatories including major purchasers (operators
and principal contractors) and suppliers (providers of goods and services),
undertake to work towards full compliance with the Code.
The purpose of
the code is to increase UKCS Supply Chain competitiveness through improved
efficiency and reduced waste whilst improving working practices, commercial
behaviours and purchaser / supplier relationships.
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