The potential effects of the Energy Profits Levy (windfall tax) on investment in the UK Continental shelf: The EPL makes upstream oil and gas developments unattractive under a range of scenarios

Alexander Kemp; Jesus Arturo Regalado Ruiz De Chavez

The potential effects of the Energy Profits Levy (windfall tax) on investment in the UK Continental shelf: The EPL makes upstream oil and gas developments unattractive under a range of scenarios

Alexander Kemp, Jesus Arturo Regalado Ruiz De Chavez

Research output: Contribution to specialist publication › Article

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Abstract

The Energy Profits Levy (EPL) was introduced by the UK government May 26 2022 to tax profits of oil and gas companies operating in the UK Continental Shelf (UKCS)> The tax involved a temporary 25% levy on oil and gas profits in the North Sea.

Original language	English
Pages	20-21
Number of pages	2
Volume	Spring 2023
No.	55
Specialist publication	Offshore Energies Magazine
Publisher	OEUK
Publication status	Published - 25 Apr 2023

Keywords

windfall tax
Energy Profits Levy
UKCS
energy
offshore taxation

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https://oeuk.org.uk/product/offshore-energies-magazine-issue-55-spring-2023/Licence: Unspecified

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Kemp, A., & Regalado Ruiz De Chavez, J. A. (2023). The potential effects of the Energy Profits Levy (windfall tax) on investment in the UK Continental shelf: The EPL makes upstream oil and gas developments unattractive under a range of scenarios. Offshore Energies Magazine, Spring 2023(55), 20-21. https://oeuk.org.uk/product/offshore-energies-magazine-issue-55-spring-2023/

The potential effects of the Energy Profits Levy (windfall tax) on investment in the UK Continental shelf: The EPL makes upstream oil and gas developments unattractive under a range of scenarios. / Kemp, Alexander; Regalado Ruiz De Chavez, Jesus Arturo.
In: Offshore Energies Magazine, Vol. Spring 2023, No. 55, 25.04.2023, p. 20-21.

Research output: Contribution to specialist publication › Article

Kemp, A & Regalado Ruiz De Chavez, JA 2023, 'The potential effects of the Energy Profits Levy (windfall tax) on investment in the UK Continental shelf: The EPL makes upstream oil and gas developments unattractive under a range of scenarios' Offshore Energies Magazine, vol. Spring 2023, no. 55, pp. 20-21. <https://oeuk.org.uk/product/offshore-energies-magazine-issue-55-spring-2023/>

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The potential effects of the Energy Profits Levy (windfall tax) on investment in the UK Continental shelf: The EPL makes upstream oil and gas developments unattractive under a range of scenarios

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