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.
20 October 2014
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.