Offshore Energies UK

“there could be as much as 15 billion barrels of oil left in the North Sea.”

“Industry body Offshore Energies UK (OEUK) has said Rosebank and Jackdaw would support a peak of more than 3,500 jobs during the construction phase.”

“It says the fields would support 880 jobs, external throughout during their lifespans, with an average salary of £85,850.”

“OEUK also says they would provide £1.4bn in tax revenues by 2029, rising to £3.8bn by 2034.”

“Offshore Energies UK has argued for the windfall tax, which sees operators pay a headline figure of 78 per cent of profits, to be replaced as soon as possible. This would unlock billions in investmen…”

“The ban, it says, “leaves the UK trailing behind Norway instead of partnering with it to underpin European energy security”.”