UK Urged to Offer More Sweeteners

摘要

UK legislators are pressing the government to broaden fiscal and regulatory incentives aimed at boosting North Sea output to avoid a rapid drop in production as well as huge job losses. "We are very concerned at the bleak prospects for investment in the oil and gas industry," a report published Tuesday by the parliamentary committee on energy and climate change said. If the industry's worst-case scenario of ￡2.5 billion ($4.1 billion) investment is realized in 2010, 50,000 jobs could be lost and production could fall by 250 million barrels.