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Offshore Exploration: Royalty Repayment Applications

Volume 414: debated on Tuesday 11 November 1980

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asked Her Majesty's Government:How many offshore oil and gas producers, in how many fields, have respectively applied for, and been awarded, royalty rebates as incentives for marginal field development.

Three licensee groups, comprising a total of 16 companies, have applied for repayments of royalty under Section 41(3) of the Petroleum and Submarine Pipe-lines Act 1975 in respect of three fields. No repayment of royalty has been agreed.