Insight
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.
Table of contents
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Executive Summary
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Budget 2014 HP/HT incentive
- Culzean and Jackdaw economics
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Culzean and Jackdaw are important developments for the UK
- Gas production forecast to 2025
- Forecast UK capital investment
- But, they still face challenges
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Company impact
- Culzean and Jackdaw Participation
- Capex and Reserves for Culzean and Jackdaw by Company
- Culzean and Jackdaw map
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Budget 2014 HP/HT incentive
Tables and charts
This report includes 6 images and tables including:
- New UK HP/HT incentive announced: Table 1
- New UK HP/HT incentive announced: Image 1
- New UK HP/HT incentive announced: Image 2
- New UK HP/HT incentive announced: Table 2
- New UK HP/HT incentive announced: Image 3
- New UK HP/HT incentive announced: Image 4
What's included
This report contains:
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