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New UK HP/HT incentive announced

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Report summary

The UK Government has announced it will introduce a new fiscal incentive targeting ultra HP/HT fields. The Culzean and Jackdaw clusters are expected to be the first to qualify for this. Both fields are expected to account for 12% of UK gas production in 2020. However there are still considerable technical and commercial hurdles to be overcome before these technically challenging projects are sanctioned.

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Tables and charts

This report includes 6 images and tables including:

Images

  • New UK HP/HT incentive announced: Image 1
  • New UK HP/HT incentive announced: Image 2
  • New UK HP/HT incentive announced: Image 3
  • New UK HP/HT incentive announced: Image 4

Tables

  • New UK HP/HT incentive announced: Table 1
  • New UK HP/HT incentive announced: Table 2

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