UK offers new tax breaks for remote fields

摘要

London—The UK government March 21 pledgednew tax breaks to boost the development ofsome remote, deepwater fields and removedoubts over offshore decommissioning costs aspart of a package of measures to support thecountry’s declining oil and gas industry.Presenting his 2012 budget to Parliament,UK Finance Minister George Osborne said thegovernment would create new tax breaks worthGBP3 billion ($4.75 billion) to cover large anddeepwater fields off the west of the remoteShetland Islands in the Atlantic margin.