UK Govt Aims To Boost Oil,Gas Devt With Tax Cuts - Wall Street Journal

By
Viraj
on April 23, 2009 6:13 AM | | TrackBacks (0)
Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. Chancellor of the Exchequer Alistair Darling said Wednesday that he will introduce tax incentives to encourage the development of smaller oil and gas fields in the North Sea with the aim of squeezing an extra 2 billion barrels equivalent out of the rapidly declining region.

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Industry experts welcomed the measures but questioned whether they would help enough companies struggling with economically challenging field developments and said they offered little to halt the collapse in exploration drilling. Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.

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This page contains a single entry by Viraj published on April 23, 2009 6:13 AM.

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