A reassessment of the U.K. and Norwegian systems of offshore oil and gas taxation

Alexander G. Kemp; David R. Cohen

A reassessment of the U.K. and Norwegian systems of offshore oil and gas taxation

Alexander G. Kemp, David R. Cohen

Economics

University of Aberdeen

Research output: Chapter in Book/Report/Conference proceeding › Published conference contribution

Abstract

This paper presents an up-to-date analysis of the impact of the oil and gas taxation regimes in Norway and the U.K. Several changes have heen made to the systems in. "both countries since special tax packages were introduced in 1975. The emphasis in the paper is on elucidating the effects of the' changes made in 1950. These changes-were more wide-ranging in. Norway than in the. U.K. and so comparatively more analysis'is undertaken of the changing Norwegian situation. The effects of the changes in "both countries on fields of different sizes and profitability is examined. The timing of the development of fields now plays a significant role in determining tax takes in both countries. The possible advantages to a company of developing fields as part of ongoing operations under the two systems are examined. The effects of the two regimes on the incentive to explore are also analysed.

Original language	English
Title of host publication	Society of Petroleum Engineers - European Offshore Technology Conference and Exhibition
Publisher	Society of Petroleum Engineers
Pages	73-84
Number of pages	12
ISBN (Electronic)	9781555636920
Publication status	Published - 1981
Event	SPE European Offshore Technology Conference and Exhibition 1980 - London, United Kingdom Duration: 21 Oct 1980 → 24 Oct 1980

Conference

Conference	SPE European Offshore Technology Conference and Exhibition 1980
Country/Territory	United Kingdom
City	London
Period	21/10/80 → 24/10/80

Bibliographical note

Publisher Copyright:
© Copyright 1980, European Offshore Petroleum Conference and Exhibition.

Cite this

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abstract = "This paper presents an up-to-date analysis of the impact of the oil and gas taxation regimes in Norway and the U.K. Several changes have heen made to the systems in. {"}both countries since special tax packages were introduced in 1975. The emphasis in the paper is on elucidating the effects of the' changes made in 1950. These changes-were more wide-ranging in. Norway than in the. U.K. and so comparatively more analysis'is undertaken of the changing Norwegian situation. The effects of the changes in {"}both countries on fields of different sizes and profitability is examined. The timing of the development of fields now plays a significant role in determining tax takes in both countries. The possible advantages to a company of developing fields as part of ongoing operations under the two systems are examined. The effects of the two regimes on the incentive to explore are also analysed.",

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N2 - This paper presents an up-to-date analysis of the impact of the oil and gas taxation regimes in Norway and the U.K. Several changes have heen made to the systems in. "both countries since special tax packages were introduced in 1975. The emphasis in the paper is on elucidating the effects of the' changes made in 1950. These changes-were more wide-ranging in. Norway than in the. U.K. and so comparatively more analysis'is undertaken of the changing Norwegian situation. The effects of the changes in "both countries on fields of different sizes and profitability is examined. The timing of the development of fields now plays a significant role in determining tax takes in both countries. The possible advantages to a company of developing fields as part of ongoing operations under the two systems are examined. The effects of the two regimes on the incentive to explore are also analysed.

AB - This paper presents an up-to-date analysis of the impact of the oil and gas taxation regimes in Norway and the U.K. Several changes have heen made to the systems in. "both countries since special tax packages were introduced in 1975. The emphasis in the paper is on elucidating the effects of the' changes made in 1950. These changes-were more wide-ranging in. Norway than in the. U.K. and so comparatively more analysis'is undertaken of the changing Norwegian situation. The effects of the changes in "both countries on fields of different sizes and profitability is examined. The timing of the development of fields now plays a significant role in determining tax takes in both countries. The possible advantages to a company of developing fields as part of ongoing operations under the two systems are examined. The effects of the two regimes on the incentive to explore are also analysed.

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M3 - Published conference contribution

AN - SCOPUS:85059019707

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BT - Society of Petroleum Engineers - European Offshore Technology Conference and Exhibition

PB - Society of Petroleum Engineers

T2 - SPE European Offshore Technology Conference and Exhibition 1980

Y2 - 21 October 1980 through 24 October 1980

ER -

A reassessment of the U.K. and Norwegian systems of offshore oil and gas taxation

Abstract

Conference

Bibliographical note

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