Fiscal reliefs for the exploration of marginal oil fields in the North Sea

Alexander George Kemp, David Crichton

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

'The impact o i the oil taxation packages introduced by the U.K. And Norwegian Governments in 1975 on the exploitation of marginal fields is examined in this paper. The effect on the viability of operations depends on several factors such as the timing of the development of a field, future oil price and exploitation costs, and in the case of the U.K. Whether the new field forms part of a multi-field development. Various fiscal incentives for encouraging-development are examined. All of them are considered in the context of the existing fiscal framework and involve no radical alterations to the tax structures.

Original languageEnglish
Title of host publicationSociety of Petroleum Engineers - SPE European Petroleum Conference 1978
PublisherSociety of Petroleum Engineers
Pages335-344
Number of pages10
ISBN (Electronic)9781555637217
Publication statusPublished - 1 Jan 1978
EventSPE European Petroleum Conference 1978 - London, United Kingdom
Duration: 24 Oct 197827 Oct 1978

Conference

ConferenceSPE European Petroleum Conference 1978
CountryUnited Kingdom
CityLondon
Period24/10/7827/10/78

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    Kemp, A. G., & Crichton, D. (1978). Fiscal reliefs for the exploration of marginal oil fields in the North Sea. In Society of Petroleum Engineers - SPE European Petroleum Conference 1978 (pp. 335-344). Society of Petroleum Engineers.