Ian Bell, Founder and Director of Optimus, the oil and gas engineering consultancy, wants to throw down the gauntlet to the North Sea energy industry, to become leaner - or shorten its lifespan. It follows the recent Budget news that the supplementary charge on North Sea oil and gas production will rise from 20% to 32% - a move that will generate an extra ￡10 billion for the British government over five years.
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