Thursday 5th December 2013
Andrew Lister, Energy Tax Partner at KPMG, said:
“We were surprised that the Autumn Statement includes an announcement that is expected to add £140m to the cost base of UK oil service companies who lease equipment, such as drilling rigs, from other companies in the same group.
“This may increase the costs to oil and gas companies of doing business in the UK and could potentially make some marginal projects uneconomic.”
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