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Crown Estate Scotland is preparing a leasing process for carbon storage projects in 2024 for developers who have been successful in applying for an Exploration and Storage Licence from the North Sea Transition Authority (NSTA).
Crown Estate Scotland requires advice on the commercial terms of the leasing process. In particular, the support will be focused on developing a suitable charging structure and level for seabed option agreements and lease fees, taking into consideration the evolving market, regulatory and statutory drivers including the developing government support packages, emissions trading schemes and the proposed economic regulatory regime.
| Supplier | Identifier | Award Value | Lots Won | Cross-References |
|---|---|---|---|---|
| Ernst & Young | 05458987 | - | 1 lot Lot 1 | - |
This procurement was divided into 1 lots, each awarded separately. 5 bids were received in total.
| Lot | Value | Bids Received | Awarded To | Status |
|---|---|---|---|---|
| Lot 1 | £150,000 initial term | 5 | Ernst & Young | complete |