UK Changes Tax Laws for North Sea Exploration and Production Activities New Report
The 2012 UK budget announcement on decommissioning tax relief, followed by the recently announced tax break for operators of shallow-water gas fields in the UK North Sea region, have drawn investors’ attention to the exploration and production activities in the North Sea. The UK government’s changes to tax laws for North Sea exploration and production activities are expected to drive investments, boost production, and check the country’s rising gas imports. The government aims to make its oil and gas industry...
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