Tell me about...

UK Continental Shelf (North Sea Oil)

We recommend:

  • Guide to the North Sea Fiscal Regime
    This guide provides a brief summary of the main features of the fiscal regime that applies to companies engaged in oil and gas extraction activities in the UK and on the UK continental shelf (UKCS) as at April 2003.

You may also want:

  • Mineral Extraction Allowance
    Provides advice on Mineral Extraction Allowances (MEA) and taxation matters specifically relating to mines, quarries and the like.

  • Statutory Market Values
    Where a participator in a U.K. oil field disposes of oil, liquefied petroleum gases (LPGs) and condensate otherwise than by way of a sale at arm's length the disposal is taxed as if it took place at a statutorily defined market value.