UK Oil Boss: Fighting Windfall Tax Led To Missed Opportunities | OilPrice.com

📆 2023-01-31 5:39 PM
📰 OilandEnergy

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The UK’s oil and gas industry should have taken the chance to invest in new projects instead of fighting the windfall tax, the boss of a North Sea oil and gas producer has said.

- Jan 31, 2023, 12:30 PM CST

But the company is still looking for an investor to back the project – despite the investment relief in the windfall tax. “They really focused on trying to push back on the [Energy Profits Levy] rather than take advantage of the opportunities,” said Steve Brown, chief executive of Orcadian Energy.

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