Times are taxing for UK companies

Journal Article · Sun Jun 20 04:00:00 EDT 1982 · Offshore; (United States)

OSTI ID:6646663

Steven, R R

Despite excellent prospects for new petroleum discoveries in the United Kingdom sector of the North Sea, a drop of oil prices and taxation has caused a slow down in development activities. Gas exploration is beginning to attract attention because of higher prices and a new bill which allows oil companies to sell gas directly to industry. A site licensing project by the government is expected to boost exploration. Recent exploration in the Norwegian sector has confirmed sufficient reserves to maintain current production levels for the next century. Reserves of natural gas were also appraised, particularly in the Sleipner area. A gas-gathering pipeline system has been planned for dry and wet gases. Oil production has declined since 1980, but with new platforms, production is expected to increase. (JBF)

• OSTI ID: 6646663
• Journal Information: Offshore; (United States), Journal Name: Offshore; (United States) Vol. 42:7; ISSN OFSHA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
022000 -- Petroleum-- Transport
Handling
& Storage
03 NATURAL GAS
030200 -- Natural Gas-- Reserves
Geology
& Exploration
ATLANTIC OCEAN
EUROPE
EXPLORATION
FORECASTING
GEOLOGIC DEPOSITS
LAND LEASING
LEASING
MINERAL RESOURCES
NATURAL GAS DEPOSITS
NATURAL GAS FIELDS
NORTH SEA
NORWAY
OIL FIELDS
PETROLEUM DEPOSITS
PIPELINES
PRODUCTION
RESERVES
RESOURCES
SCANDINAVIA
SEAS
SURFACE WATERS
TAXES
UNITED KINGDOM
WESTERN EUROPE