OEUK's Ask: Move the North Sea's Post-EPL Tax Regime
Policy & GeopoliticsOEUK wants Chancellor John Healey to swap the Energy Profits Levy for the price-triggered Oil and Gas Revenue Levy in 2027, three years ahead of the scheduled March 2030 date. The lobby group's own modeling shows an extra £14.9 billion in revenue and 111 unlocked North Sea projects by 2035 — an industry forecast, not a Budget commitment.