Emma Wild, Oil & Gas Director at KPMG, said:
“The announcements on new incentives for onshore oil and gas projects will be welcomed by the industry and are further evidence of government support, which isn’t shy of tackling a controversial issue. However, the commercial and technical challenges to accessing shale gas, which are the key barrier to production, remain. Accordingly, the prospect of significant new onshore oil and gas production materially affecting the UK energy mix is still highly uncertain.”
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