BBC on the North Sea “needing more tax incentives” #NSO12

According to a recent article by the BBC, the North Sea oil and gas industry needs greater tax incentives to help maintain and increase production over the next 30 years. 

A report by Professor Alex Kemp and Linda Stephen of the University of Aberdeen looks at oil price fluctuations and concludes that “there is likely to be a substantial decrease in new field investment over the next few years.” 

The report – the Short and Long Term Prospects for Activity in the UK Continental Shelf – adds that there is clear scope for investments in marginal fields if tax relief is introduced.

To find out more about the North Sea, join us for Oil and Gas Outlook North Sea 2012, the conference for exploration and production companies and their partners held on March 27-29 2012 in Aberdeen,UK.

Oil & Gas Outlook North Sea attracts over 200 investors and C-level executives from Junior, Independent, National and International oil companies to discuss the opportunities remaining, and strategies for success in the North Sea.