Impact assessment

Offshore Petroleum Regulator for Environment and Decommissioning (OPRED): Business Impact Target

OPRED report on regulatory provisions against the Business Impact Target (BIT).

• From: Department for Energy Security and Net Zero, Offshore Petroleum Regulator for Environment and Decommissioning and Department for Business, Energy & Industrial Strategy
• Published: 27 July 2017
• Last updated: 21 December 2022 — See all updates

This was published under the 2016 to 2019 May Conservative government

Documents

NQRP Assurance Statement - May 16 to May 17

PDF, 378 KB, 5 pages

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NQRP Summary - Jun 17 to Jun 18

PDF, 500 KB, 3 pages

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NQRP Summary - Jun 18 to Jun 19

PDF, 503 KB, 4 pages

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NQRP Summary - Jun to Dec 2019

PDF, 676 KB, 4 pages

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NQRP Summary - Dec 19 to Dec 20

PDF, 658 KB, 4 pages

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NQRP Summary - Dec 20 to Dec 21

PDF, 753 KB, 3 pages

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NQRP Summary - Dec 21 to Dec 22

PDF, 640 KB, 3 pages

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Details

As a regulator of the Offshore Oil and Gas industry, the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) is required to publish an assessment of the economic impact on business of changes to regulatory policies and practices which are in scope of the Business Impact Target (BIT).

OPRED is required to publish:-

• BIT assessments for qualifying regulatory provisions (QRPs) along with the BIT score.
• A summary of non-qualifying regulatory provisions (NQRPs), that fall within the administrative exclusions set out in the written ministerial statement.

An independent verification body, the Regulatory Policy Committee (RPC) has been appointed to validate the estimates of the economic impact on business for the QRPs.

OPRED QRPs

Information regarding any applicable OPRED QRPs will be published together with other BEIS departmental measures (as appropriate).

OPRED NQRPs

See attachments above.

Published 27 July 2017
Last updated 21 December 2022 + show all updates

1. 21 December 2022

   NQRP Summary - Dec 21 to Dec 22 has been uploaded.

2. 22 December 2021

   NQRP summary - Dec 20 to Dec 21 added.

3. 18 December 2020

   NQRP Summary - Dec 19 to Dec 20 published

4. 5 November 2019

   NQRP Summary - Jun to Dec 2019 added.

5. 2 July 2019

   NQRP Summary - Jun 18 to Jun 19 added

6. 27 June 2018

   New document attached.

7. 27 July 2017

   First published.