Description of impact
Research at the University of Aberdeen on the economics of North Sea oil and gas activity levels and the potential effects of tax changes on exploration and development decisions — and thus on total investment — have informed government and the oil industry of the virtues of ensuring that the tax system produces the appropriate balance between investment incentives and tax revenues.In particular this work demonstrated the need to accommodate the differential impact of the tax system across offshore fields located in different geographic regions of the UK Continental Shelf (UKCS) which have varying cost characteristics, and the consequent need for tax allowances to avoid investment disincentives and to promote maximum economic recovery.
| Impact status | Impact Completed (Open) |
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Documents & Links
Related content
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Research output
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A Regional Model of Oil and Gas Exploration in the UKCS
Research output: Contribution to journal › Article › peer-review
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Are Decline Rates Really Exponential? Evidence from the UK Continental Shelf
Research output: Contribution to journal › Article › peer-review
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The Effects of Budget 2011 on Activity in the UK Continental Shelf
Research output: Working paper
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Optimising Oil and Gas Depletion in the Maturing North Sea with Growing Import Dependence
Research output: Contribution to journal › Article › peer-review
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An Econometric Model of Oil and Gas Exploration Development and Production in the UK Continental Shelf: A Systems Approach
Research output: Contribution to journal › Article › peer-review
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Forecasting Activity Levels in the United Kingdom Continental Shelf: The Role of Perceptions
Research output: Contribution to journal › Article › peer-review