North Sea Oil: Tax Yields
(asked on 13th October 2022) - View Source
Question to the Scotland Office:
To ask the Secretary of State for Scotland, what the forecasted geographic share of North Sea Revenue for Scotland is in the next ten financial years from 2023-24.
This question was answered on 21st October 2022
The production forecasts produced by the North Sea Transition Authority are for the whole of the UK continental shelf up to 2050; forecasts are not produced for each individual constituent part of the UK. Historical trends show that the share in Scotland’s geographical waters averages around 80% and the UK Government expects this trend to continue over the next ten financial years.