My thoughts in Energy Voice on the North Sea windfall tax:
Read the article on EnergyVoice.com
Extract:
Sanjoy Sen sets out the case for certainty in the North Sea taxation regime in the wake of last month’s windfall tax announcement.
A decade ago, I completed back-to-back Masters degrees at Scottish institutions, firstly in petroleum engineering (Heriot-Watt), later in oil & gas law (Aberdeen). Alas, the first real-world lesson from all that education was a painful one: there is no job vacancy anywhere in which it’s useful to hold both of those qualifications. (Like none. Not a single one.) But I did learn a lot of other handy stuff. Perhaps most importantly, I discovered that when it comes to oil & gas, taxation is every bit as complicated as exploration. And in taxation, nothing is more important than certainty.
