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New UK HP/HT incentive announced

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20 March 2014

New UK HP/HT incentive announced

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

    • Budget 2014 HP/HT incentive
      • Culzean and Jackdaw economics
    • Culzean and Jackdaw are important developments for the UK
      • Gas production forecast to 2025
      • Forecast UK capital investment
    • But, they still face challenges
    • Company impact
      • Culzean and Jackdaw Participation
      • Capex and Reserves for Culzean and Jackdaw by Company
      • Culzean and Jackdaw map

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:

  • Document

    HP/HT incentive

    PDF 1.01 MB