Net Zero North Sea Storage Limited: Rig Rate Final Determination
- Publication type:
- Decision
- Publication date:
- Topic:
- Carbon capture and storage
- Industry sector:
- Carbon capture and storage
- Licence type:
- Carbon dioxide transport and storage licence
The Carbon Dioxide Transport and Storage licence, includes a range of Uncertain Cost Events that allow Licensees to submit applications to re-open specified allowances for adjustment in response to changing project developments prior to any Periodic Review.
In October 2025, Net Zero North Sea Storage Limited submitted an application for the Rig Rate Uncertain Cost Event pursuant to Special condition J6.6 of the Licence. In the submission, the Licensee requested an adjustment to the assumed Rig Rate Cost set at licence award for the drilling of six subsea wells as part of the Endurance CO2 storage system. We consulted with the licensee on our draft determination.
Our decisions, having taken account the consultation feedback, are set out in this Final Determination.