Management

The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.
Adura will become the UK North Sea’s largest independent producer by combining 12 key oil and gas assets, employing around 1,200 staff. It aims to produce more than 140,000 BOED in 2026.
This paper provides insight into existing tools, methodologies, and processes that can help any capital project or organization improve predictability of outcome while mitigating risks and exploiting opportunities effectively.

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