Award

Expert Advice and Recommendations for CO2 Leasing Development

CROWN ESTATE SCOTLAND

This public procurement record has 1 release in its history.

Summary of the contracting process

The procurement process for the contract titled "Expert Advice and Recommendations for CO2 Leasing Development" was awarded to the Crown Estate Scotland. The contract falls under the industry category of services and is at the award stage. The deadline for this contract was on 16th November 2023. The contract involves providing expert advice for carbon storage projects, focusing on developing a suitable pricing structure and lease fees.

This tender, awarded to Ernst & Young, presents opportunities for businesses specializing in financial consultancy and advisory services to contribute to the development of carbon storage projects in Scotland. Businesses with expertise in commercial terms negotiation and regulatory frameworks would be well-suited to compete for this contract. The procurement aims to support the carbon capture and storage (CCS) opportunity in Scotland, with a focus on maximising financial returns while ensuring environmental objectives are met.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Expert Advice and Recommendations for CO2 Leasing Development

Notice Description

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.

Lot Information

Lot 1

The overall objectives of the CO2 leasing process are to: i. Make the seabed available to the successful NSTA License Round applicants if they pass the application requirements for seabed in line with our leasing priorities; ii. Facilitate carbon storage efforts to enable the CCS opportunity in Scotland; iii. Maximise financial receipts to Crown Estate Scotland as per our obligations without compromising delivery of objective ii.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000750596
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV492796
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

90 - Sewage, refuse, cleaning and environmental services


CPV Codes

90700000 - Environmental services

90710000 - Environmental management

90712000 - Environmental planning

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£150,000 £100K-£500K

Notice Dates

Publication Date
16 Nov 20232 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
25 Jul 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Not Specified
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
CROWN ESTATE SCOTLAND
Contact Name
Not specified
Contact Email
Not specified
Contact Phone
Not specified

Buyer Location

Locality
EDINBURGH
Postcode
N/A
Post Town
Not specified
Country
Not specified

Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
TLM Scotland

Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV492796
    Expert Advice and Recommendations for CO2 Leasing Development - 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.

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-r6ebe6-0000750596-2023-11-16T00:00:00Z",
    "date": "2023-11-16T00:00:00Z",
    "ocid": "ocds-r6ebe6-0000750596",
    "initiationType": "tender",
    "parties": [
        {
            "id": "org-195",
            "name": "Crown Estate Scotland",
            "identifier": {
                "legalName": "Crown Estate Scotland"
            },
            "address": {
                "locality": "Edinburgh"
            },
            "contactPoint": {
                "url": "http://"
            },
            "roles": [
                "reviewBody",
                "buyer"
            ],
            "details": {
                "classifications": [
                    {
                        "id": "Body governed by public law",
                        "scheme": "TED_CA_TYPE"
                    },
                    {
                        "id": "01",
                        "description": "General public services",
                        "scheme": "COFOG"
                    }
                ]
            }
        },
        {
            "id": "org-306",
            "name": "Ernst & Young",
            "identifier": {
                "legalName": "Ernst & Young"
            },
            "address": {
                "streetAddress": "1 More London Place",
                "locality": "London",
                "region": "UK",
                "postalCode": "SE1 2AF"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large",
                "url": "http://"
            }
        },
        {
            "id": "org-49",
            "name": "Edinburgh Sheriff Court",
            "identifier": {
                "legalName": "Edinburgh Sheriff Court"
            },
            "address": {
                "streetAddress": "27 Chambers Street",
                "locality": "Edinburgh",
                "postalCode": "EH1 1LB"
            },
            "contactPoint": {
                "email": "edinburgh@scotcourts.gov.uk",
                "url": "http://"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "name": "Crown Estate Scotland",
        "id": "org-195"
    },
    "tender": {
        "id": "ocds-r6ebe6-0000750596",
        "title": "Expert Advice and Recommendations for CO2 Leasing Development",
        "description": "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.",
        "status": "complete",
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "id": "90712000",
                        "scheme": "CPV"
                    },
                    {
                        "id": "90710000",
                        "scheme": "CPV"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKM"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "NOV492796",
                "documentType": "awardNotice",
                "title": "Expert Advice and Recommendations for CO2 Leasing Development",
                "description": "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.",
                "url": "https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV492796",
                "format": "text/html"
            }
        ],
        "lots": [
            {
                "id": "1",
                "description": "The overall objectives of the CO2 leasing process are to: i. Make the seabed available to the successful NSTA License Round applicants if they pass the application requirements for seabed in line with our leasing priorities; ii. Facilitate carbon storage efforts to enable the CCS opportunity in Scotland; iii. Maximise financial receipts to Crown Estate Scotland as per our obligations without compromising delivery of objective ii.",
                "status": "complete",
                "hasOptions": false
            }
        ],
        "coveredBy": [
            "GPA"
        ],
        "classification": {
            "id": "90700000",
            "scheme": "CPV"
        }
    },
    "awards": [
        {
            "id": "ocds-r6ebe6-0000750596-1",
            "suppliers": [
                {
                    "id": "org-306",
                    "name": "Ernst & Young"
                }
            ],
            "relatedLots": [
                "1"
            ]
        }
    ],
    "contracts": [
        {
            "id": "ocds-r6ebe6-0000750596-1",
            "awardID": "ocds-r6ebe6-0000750596-1",
            "status": "active",
            "value": {
                "amount": 150000,
                "currency": "GBP"
            },
            "dateSigned": "2023-07-25T00:00:00Z"
        }
    ],
    "language": "EN",
    "description": "Award against framework: RM6187 - Management Consultancy Framework Three (MCF3) - Lot 4: Finance (SC Ref:750596)",
    "bids": {
        "statistics": [
            {
                "id": "851",
                "measure": "bids",
                "value": 5,
                "relatedLot": "1"
            },
            {
                "id": "852",
                "measure": "smeBids",
                "value": 0,
                "relatedLot": "1"
            },
            {
                "id": "853",
                "measure": "foreignBidsFromEU",
                "value": 0,
                "relatedLot": "1"
            },
            {
                "id": "854",
                "measure": "foreignBidsFromNonEU",
                "value": 5,
                "relatedLot": "1"
            },
            {
                "id": "855",
                "measure": "electronicBids",
                "value": 5,
                "relatedLot": "1"
            }
        ]
    },
    "links": [
        {
            "rel": "canonical",
            "href": "https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000750596"
        }
    ],
    "noticetype": "PCS Notice - Website Contract Award Notice"
}