Taxation of oil and gas revenues: the United Kingdom

Journal Article · Thu Apr 01 00:00:00 EST 1982 · Energy J.; (United States)

OSTI ID:5082571

Mitchell, J

Three factors helped make the United Kingdom (UK) upstream energy taxation what it is: (1) the physical conditions and real economies of oil and gas projects, (2) the role of oil and gas development in the UK economy up to now, and (3) the history of company and government interaction on petroleum tax and price matters, the two differing over how today's proceeds should be shared. Analysis of present tax policy shows it to be at a stage where the nation, the government, and the oil companies will separately and jointly get less from the North Sea than they could. To correct this requires a better understanding by the government of the operational prospects facing oil companies, and a better understanding by the companies of what the government is trying to do. 3 references, 2 tables.

• Research Organization: British Petroleum, London, England
• OSTI ID: 5082571
• Journal Information: Energy J.; (United States), Vol. 3:2
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
02 PETROLEUM
03 NATURAL GAS
NATURAL GAS INDUSTRY
FINANCIAL INCENTIVES
TAXES
PETROLEUM INDUSTRY
UNITED KINGDOM
EUROPE
INDUSTRY
WESTERN EUROPE
294002* - Energy Planning & Policy- Petroleum
294003 - Energy Planning & Policy- Natural Gas
020700 - Petroleum- Economics
Industrial
& Business Aspects
030600 - Natural Gas- Economic
Industrial
& Business Aspects