The potential effects of the Energy Profits Levy (windfall tax) on investment in the UK Continental shelf: The EPL makes upstream oil and gas developments unattractive under a range of scenarios

Alexander Kemp; Jesus Arturo Regalado Ruiz De Chavez

The potential effects of the Energy Profits Levy (windfall tax) on investment in the UK Continental shelf: The EPL makes upstream oil and gas developments unattractive under a range of scenarios

Alexander Kemp, Jesus Arturo Regalado Ruiz De Chavez

Research output: Contribution to journal › Article

Abstract

The Energy Profits Levy (EPL) was introduced by the UK government May 26 2022 to tax profits of oil and gas companies operating in the UK Continental Shelf (UKCS)> The tax involved a temporary 25% levy on oil and gas profits in the North Sea.

Original language	English
Pages (from-to)	20-21
Number of pages	2
Journal	Offshore Energies Magazine
Volume	Spring 2023
Issue number	55
Publication status	Published - 25 Apr 2023

Keywords

windfall tax
Energy Profits Levy
UKCS
energy
offshore taxation

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Offshore-Energies-Magazine-Issue-55-Spring-2023-OEUK-pp20-21Final published version, 2.84 MBLicence: Unspecified

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The potential effects of the Energy Profits Levy (windfall tax) on investment in the UK Continental shelf : The EPL makes upstream oil and gas developments unattractive under a range of scenarios. / Kemp, Alexander; Regalado Ruiz De Chavez, Jesus Arturo.

In: Offshore Energies Magazine, Vol. Spring 2023, No. 55, 25.04.2023, p. 20-21.

Research output: Contribution to journal › Article

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The potential effects of the Energy Profits Levy (windfall tax) on investment in the UK Continental shelf: The EPL makes upstream oil and gas developments unattractive under a range of scenarios

Abstract

Keywords

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