HALF of the capital investment made in the UK offshore iast year benefited from the government's focused tax allowances, according to Oil & Gas UK (OGUK), the producers' and suppliers' association. In its latest activity survey, based on data supplied by its members, OGUK says capital spending increased to a three-decades high of ￡14.4 billion {$24.1 billion) in 2013, of which over ￡7.0 billion went into developments receiving special allowances.
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