Ed Miliband’s North Sea tax crackdown risks destroying the UK’s oil and gas industry and making Britain even more dependent on imports, a leading operator has warned.
EnQuest (ENQUF) intends to bring two fields, namely Bressay and Bentley, onstream. These fields are located close to the Kraken oil and gas fields.
A UK energy company is to start drilling at the biggest oil field discovered in the North Sea in at least 20 years in spite of a net zero crackdown on the industry.