RnRMarketResearch.com adds “United Kingdom Upstream Fiscal and Regulatory Report” report to its store. The report provides an essential information relating to the terms which govern investment into United Kingdom’s upstream oil and gas sector.
The report “United Kingdom Upstream Fiscal and Regulatory Report”provides an overview of current fiscal terms governing upstream oil and gas operations in the United Kingdom. It includes details on the legal framework and governing bodies administering the industry, an assessment of the current regime’s attractiveness to investors and the future outlook for fiscal and regulatory terms. Complete report is available @ http://www.rnrmarketresearch.com/united-kingdom-upstream-fiscal-and-regulatory-report-market-report.html .
This report presents the essential information relating to the terms which govern investment into United Kingdom’s upstream oil and gas sector. The report sets out in detail the licensing framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for United Kingdom’s upstream oil and gas investment climate.
While the UK government is likely to implement changes to the fiscal regime governing North Sea oil that will reduce the tax burden, the outlook for the country’s shale sector is less favorable to the industry, according to research and consulting firm. The company’s latest report “United Kingdom Upstream Fiscal and Regulatory Report” states that UK chancellor George Osborne has indicated that he will introduce new tax breaks for the oil industry in the March 2015 budget, and the government may be able to legislate for such changes before the 7 May general election. In contrast, the investment climate for shale gas exploration and development is worsening.
Barring a significant recovery in oil prices, it is also likely that the next government will move to further improve the UK fiscal regime’s attractiveness, but the extent of such moves will ultimately depend on the make-up of that government. Any changes introduced by a Conservative government are likely to be tempered to an extent by its deficit-reduction targets, and it remains to be seen whether the Labour party will propose any incentives for the industry during the election campaign. However, with a hung parliament a strong possibility, the smaller parties’ policies may prove significant. In particular, the Scottish National Party (SNP) is likely to push for substantial tax cuts, as well as uplift and exploration-relief incentives, similar to those in Norway.
The outlook is less promising for the shale sector, despite the UK government recently introducing the onshore allowance and removing access obstacles to shale development, as the result of the forthcoming general election will again have a considerable impact on future policies.
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· Overview of current fiscal terms governing upstream oil and gas operations in United Kingdom
· Detail on legal framework and governing bodies administering the industry
· Levels of upfront payments and taxation applicable to oil and gas production
· Detailed information on the petroleum resource tax, ring fence corporation tax and supplementary charge
· Explanations of all the field allowances offered as deductions against the supplementary charge
· Details of fiscal regime changes to be included in Finance Bill 2015
· Information on the specific provisions applicable to onshore Northern Ireland
· Assessment of the current fiscal regime’s attractiveness to investors
· Outlook on future of fiscal and regulatory terms in United Kingdom
Reasons to buy
· Understand the complex regulations and contractual requirements applicable to United Kingdom’s upstream oil and gas sector
· Evaluate factors determining profit levels in the industry
· Identify potential regulatory issues facing investors in the country’s upstream sector
· Utilize considered insight on future trends to inform decision-makingExplore more reports on Energy at http://www.rnrmarketresearch.com/reports/energy-power/energy .