# OGA Financial Due Diligence Guidance Update

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [OIL AND GAS AUTHORITY](/buyers/oil-gas-authority/contract-awards)
- Tender value: £49,000
- Published: 27 February 2017
- Planned start: 20 March 2017
- Planned end: 21 April 2017
- Stage: open_tender
- Procurement category: services
- Notice ID: bc991d1d-6e73-4ebf-9c30-f13d232a2fa2-132479
- OCID: ocds-b5fd17-f9d2e125-3c5e-4668-8f79-f1bac14e3933

## Description

The OGA feel that it is appropriate to develop new financial guidance that is fit for purpose and enables the OGA to make effective licensing decisions in its role as regulator\. The OGA require a contractor to develop, in close collaboration with the OGA, and produce the following documents: • An updated draft of the external guidance to Licensees on which data the OGA requires and how the OGA will use these data through the due diligence process\. This should cover each Licence event for which the OGA performs due diligence and be capable of being applied to all main funding models currently deployed and under consideration in the UKCS\. • Internal guidance in the form of desk notes outlining the procedure which OGA staff will follow when performing due diligence, in each of the scenarios outlined above\. Additional information: Tender closes 10th March 2017 2pm

## Related contract awards

- [Invitation to Tender for Carbon Storage Well Integrity Risk Screening Project](/contracts/ocds-b5fd17-972856b0-89f5-4f06-b301-2d257dac35e6): OIL AND GAS AUTHORITY
- [UKCS Carbon Capture Risk Register and Global Lessons Learned](/contracts/ocds-b5fd17-a1adeb73-abfb-44cb-b4cd-76ccfea7f8d0): OIL AND GAS AUTHORITY
- [TRN160022018 Tender for a Rock Physics and Seismic Calibration Catalogue of the Central North Sea and the East Shetland Basin areas](/contracts/ocds-b5fd17-6e800894-12c3-49e3-8006-b31005d23e89): Oil & Gas Authority

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/bc991d1d-6e73-4ebf-9c30-f13d232a2fa2-132479)