Thursday 5th December 2013
Emma Wild, oil & gas director at KPMG, said:
“The announcements on new incentives for onshore oil and gas projects will be welcomed by the industry and are further evidence of government support, which isn’t shy of tackling a controversial issue. However, the commercial and technical challenges to accessing shale gas, which are the key barrier to production, remain. Accordingly, the prospect of significant new onshore oil and gas production materially affecting the UK energy mix is still highly uncertain.”
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KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.