Fiscal aspects of the rise and fall of oil production in the UK continental shelf
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Fiscal aspects of the rise and fall of oil production in the UK continental shelf by Alexander G. Kemp

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Published by [Department of Political Economy] in [Aberdeen] .
Written in English


Book details:

Edition Notes

Bibliography: p32.

StatementAlexander G. Kemp and David Rose.
SeriesNorth Sea study occasional paper -- no.21
ContributionsRose, David., University of Aberdeen. Department of Political Economy.
The Physical Object
Pagination32p. :
Number of Pages32
ID Numbers
Open LibraryOL21435563M

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Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle. Prepared by Mauricio Villafuerte and Pablo Lopez-Murphy1. Authorized for distribution by Mark Horton. February Abstract. This paper presents a detailed analysis of the average fiscal policy responses of oil producing countries (OPCs) to the recent oil price cycle. In , the UK Continental Shelf (UKCS) oil production declined million barrel (mmbbl) faster than any other major oil production province in the world. Lower North Sea production has meant additional reliance, both for the UK and Europe as a whole, on rising by: The Economic Dependencies of Infrastructure Assets in the UK Continental Shelf (UKCS) T. Acheampong, A. G. Kemp, E. Phimister, and L. Stephen, Aberdeen Centre . In May and June , Deloitte undertook a survey of United Kingdom Continental Shelf (UKCS) licence holders and selected major oilfield service companies in the North Sea to gauge their views on the current UKCS tax system. The survey findings were originally presented at the Oil & Gas UK Industry Conference in Aberdeen on 12 June

The drop in the effective tax rate comes despite a rise in the supplementary charge to 32 per cent from March ; and; between and receipts are expected to marginally fall by £ billion to £ billion. Over the forecast period, we expect both production and the sterling oil . Taxation & the Optimization of Oil Exploration & Production: The UK Continental Shelf. In a recent paper H. Pesaran () has developed an econometric model for the analysis of the exploration and extraction policies of “price taking” suppliers of oil and has applied it to the UK Continental Shelf (UKCS). Prospects for Oil and Gas from the UK Continental Shelf to Professor Alex Kemp and Linda Stephen University of Aberdeen 1. Introduction The UK Continental Shelf (UKCS) is widely but loosely described as a mature petroleum province. This is generally interpreted to mean that production has passed its peak, the average size of new.   The rise and fall of oil production Conventional oil powers modern economies and provides around a third of the world's energy. But many commentators forecast a near-term peak soon and subsequent Author: Steve Sorrell.