O&G UK hails budget as "sensible and far-sighted" - GBX1.3 billion in tax relief for North Sea Oil companies in 2015 UK Budget.
- Oil and Gas UK chief executive Malcom Webb:
"Today's announcement lays the foundations for the regeneration of the UK North Sea. The industry itself must now build on this by delivering the cost and efficiency improvements required to secure its competitiveness.
"These measures send exactly the right signal to investors. They properly reflect the needs of this maturing oil and gas province and will allow the UK to compete internationally for investment.
https://www.bbc.com/news/uk-scotland-scotland-business-31940616