Offshore Industry: North Sea

Department for Energy and Climate Change written question – answered on 20th October 2014.

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Photo of Caroline Lucas Caroline Lucas Green, Brighton, Pavilion

To ask the Secretary of State for Energy and Climate Change, which companies have been granted field allowances for oil and gas production in the North Sea in the last 12 months; and what estimate he has made of the value of each such allowance to each such company over a five-year period.

Photo of Matthew Hancock Matthew Hancock Minister of State (Department for Business, Innovation and Skills), Minister of State for Portsmouth, The Minister of State, Department of Energy and Climate Change

Oil fields can qualify for field allowances when they receive initial or revised development consent. They are not granted to companies. The participators in each field that qualifies for a field allowance will hold a share of the total allowance for the field which may be activated by production income from that field. We do not track field allowances by company.

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