Osborne gives North Sea tax break
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Osborne gives North Sea tax break

London : United Kingdom | Sep 07, 2012 at 1:41 AM PDT
Source: BBC
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Chancellor unveils tax break for older North Sea oil and gas fields Many of the oil and gas fields in UK waters have passed the peak of production Chancellor George Osborne has announced a tax measure to support investment in older North Sea oil and gas fields. FULL ARTICLE AT BBC
 
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  • London offers tax relief in North Sea

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    British Chancellor of the Exchequer George Osborne announced a tax measure to entice operators to invest more in oil and natural gas fields in the North Sea. Osborne announced Friday that as much as $397 million in profits generated from mature oil...
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    George Osborne said the move would give oil companies 'the incentive to get the most out of older fields'. Photograph: Chris Jackson/PA George Osborne has undertaken a partial U-turn on his North Sea fiscal regime by unveiling a tax break for oil...

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