02 Dec 2025
Labour’s North Sea Future Plan: exploration ban confirmed as windfall tax remains
Photo by Kilian Murphy The UK Government published its North Sea Future Plan on 26 November 2025, confirming an end to new exploration licences whilst introducing Transitional Energy Certificates allowing limited drilling adjacent to existing fields. The plan implements government manifesto commitments to manage existing fields for their lifespan and not issue new licences to explore new fields. […]