TAX BREAK MAY ALLOW DEVELOPMENT OF MARGINAL N. SEA FIELD

British independent Lasmo North Sea plc has made a tax breakthrough in the treatment of a marginal oil field in the U.K. North Sea, Lasmo won government approval for a royalty repayment deal that will allow development of Columba oil field in Blocks 3/8a, 3/2 and 3/7a. The deal allows repayment of royalties from accumulated royalties paid by members of the Columba group from any source of production off the U.K.

Jul 29th, 1991
In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Companies