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    Reuters: Britain's North Sea Oil and Gas Firms Must Look to Future Abroad - Kemp

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Summary

Despite the UK North Sea's oil and gas firms lobbying for tax allowances, if they want to have a future they need to look overseas, a Reuters columnist says

by: Erica Mills

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Reuters: Britain's North Sea Oil and Gas Firms Must Look to Future Abroad - Kemp

Britain's North Sea oil and gas operators are mounting an impressive lobbying campaign to win tax concessions and other government help ahead of the final budget of this parliament on March 18.

In an editorial in Thursday's Financial Times newspaper endorsed the idea of "a new deal to keep North Sea oil flowing". The newspaper wants the complex system of tax allowances to be simplified, rates cut, and more risk-sharing between exploration companies and taxpayers.

Read the full article HERE.

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