Air Energi: Tax Reductions
Tuesday, Mar 27, 2012
Air Energi’s take on the tax change for North Sea oil and gas companies,
‘The tax changes are positive for Air Energi, because they bring about new incentives for the main oil companies to commit to previously marginal field capital projects in the UK North Sea. This in turn provides more work for UK engineering professionals engaged in exploration, planning,design, construction and commissioning work”
“This additional activity comes against a backdrop of recent multi billon dollar UK investment by BP in Quad and Claire Ridge and ConocoPhillips in Jasmine. The services of engineers with oil and gas experience were already in demand globally. The UK tax changes in the recent budget will help continue this demand dynamic for many years to come and may signal the return of Aberdeen’s golden age.”
Source: Air Energi
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