Written Question·Treasury·UIN 1537

Offshore Industry: Licensing

Tabled: 24 July 2024

Answered: 1 August 2024

Question

Andrew Bowie

Conservative — West Aberdeenshire and Kincardine

To ask the Chancellor of the Exchequer, what the projected revenue is to His Majesty's Treasury from oil and gas companies as a result of the policy to ban new oil and gas exploration licences.

Answer

James Murray

The government does not intend to issue new licences to explore new oil and gas fields. We will share more details on our plans for oil and gas licensing in due course.Forecasts for oil and gas tax revenues are published by the Office for Budget Responsib...

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