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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Taxation of UK Oil and Gas Production

Taxation of UK Oil and Gas Production

Abdo, Hafez

Paperback

Business General

ISBN10: 6209948979
ISBN13: 9786209948978
Publisher: LAP Lambert Academic Publishing
Published: May 19 2026
Pages: 84
Weight: 0.27
Height: 0.20 Width: 6.00 Depth: 9.00
Language: English
Starting from evidence that United Kingdom Continental Shelf oil and gas companies benefited disproportionately from periods of high oil prices, this research examines the historical weaknesses of the UK petroleum fiscal regime. It argues that the fiscal relaxations introduced in 1983, 1987-88, and 1993 were largely unnecessary for stimulating the development of smaller marginal fields. The study further shows that such fields were not significantly more costly to develop than earlier or larger fields, and that oil price movements had a far greater impact than fiscal incentives. The paper concludes that these policy failures were not accidental but stemmed from the UK's non-proprietorial approach to oil and gas resources. This stance prioritised oil company profitability and attempted to offset market forces, often at the expense of government revenues.

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