Regulatory Advisor - Carbon Capture & Storage

Job summary

This role is in the rapidly growing Hydrogen and Carbon Capture & Storage (CCS) business, as the Regulatory Advisor for BP’s CCS projects.

bp has a growing portfolio of CCS opportunities in the UK and worldwide. bp is operator of the NEP project, providing transportation and storage of CO₂ to the East Coast Cluster, which has been selected as one of the first two CCS clusters in the UK. With 25 eligible emitter projects and three offshore storage licences, NEP is set to be the world’s largest CCS project and a pioneer in CCS regulatory business models.

The Hydrogen & Carbon Capture & Storage (CCS) Regulatory Advisor will be responsible for providing regulatory expertise to hydrogen and CCS projects, and supporting the delivery of effective business plans, operating models, and government and stakeholder engagement.

Key Accountabilities:

• Provide core UK regulatory expertise to hydrogen and CCS projects
• Lead and/or support engagement with government on development of regulated CCS network codes and related standards
• Lead and/or support development of project regulated business plans
• Provide subject matter expert support in the following areas:
  • negotiation of Transport & Storage Regulatory Investment (TRI) licenses
  • development of regulatory operating models
  • engagement with emitters, including ensuring justified emitter requirements from codes, licences etc. are fed into the framework development process
  • project financing
  • the development of regulatory financial models and associated reporting capabilities
  • development of processes and procedures to ensure effective/efficient operation of the regime , including:
    • ensuring all framework obligations are understand, mapped to owners and appropriate assurance processes are in place
    • channels for ensuring emitter and stakeholder communications are in place
    • processes are established to meet ad-hoc and periodic reporting
• Provide updates to management and partners as required
• Interface with legal teams on regulatory matters
• Evaluation of CCS legislation to understand delivery of policy intent and viability for the CCS industry
• Support in the response of any CCS or related consultations/publications
• Support the activities of CCS Association and other industry bodies where appropriate

• Significant experience in regulated UK regimes, particularly those pertaining to networks
• Experience in gas transportation and/or storage

• Experience in low-carbon sectors
• Experience working with UK network customers
• Self-motivation, a high level of individual initiative, and ability to handle multiple tasks with minimal supervision
• Ability to prioritize work in a high activity environment
• Ability to influence and work effectively with others
• Demonstrated planning, organizational, and communication skills