Anaysts snub proposed UK petroleum revenue tax cut

05/05/2003
UK officials hope the oil and natural gas industry will be encouraged to develop marginal North Sea fields because of the economic benefits of some recently announced relief from the petroleum revenue tax. Analysts based in the UK and US, however, were less than enthusiastic about the announcement.Effective Jan. 1, 2004, the UK will eliminate the PRT on new shipments of oil and gas through associated pipelines and platform infrastructure built before 1993 (OGJ Online, Apr. 15, 2003).Proponents claim the measure provides tax relief that will lower pipeline costs and consequently lower production costs enough to spur new exploration and development activity. Tariffs make up a significant p...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected