The stability of the UK tax regime for offshore oil and gas: positive developments and potential threats

Emre Usenmez

Research output: Contribution to journalArticle


Though welcome, the fiscal incentives introduced in the Finance Act 2009 aiming to maximise hydrocarbon recovery were inadequate. The UK Government should avoid the mistakes made by their counterparts in the United States, ignore the temptations to alter the fiscal regime and give a clear message of fiscal stability to win back the faith the industry once had in it.
Original languageEnglish
Pages (from-to)16-25
Number of pages10
JournalInternational Company and Commercial Law Review
Issue number1
Publication statusPublished - 2010



  • continental shelf
  • corporation tax
  • economic conditions
  • fiscal policy
  • North Sea
  • offshore exploration
  • oil and gas industry
  • petroleum revenue tax
  • United States
  • reliefs
  • ring-fence

Cite this