Commons Sense

House of Commons · Written Ministerial Statement

Oil and Gas Decommissioning Relief Deeds

25 March 2020 · Treasury

Proposed by Jesse Norman Con Hereford and South Herefordshire

Energy

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The government has signed 96 decommissioning relief deeds since October 2013.
  • These deeds have unlocked approximately 8.1bn of capital for investment.
  • The progress and impact of these deeds are reported annually to Parliament.

Issue summary

The statement addresses the progress and impact of oil and gas decommissioning relief deeds introduced in Budget 2013.

Action requested

No specific action is requested; the government has signed 96 decommissioning relief deeds since October 2013, unlocking approximately £8.1bn of capital for investment, as reported annually to Parliament.

Key facts

  • The government began signing decommissioning relief deeds in Budget 2013.
  • Since October 2013, 96 decommissioning relief deeds have been signed.
  • These deeds are estimated to have unlocked approximately £8.1bn of capital for investment.
  • The government commits to report annually on progress with the deeds.
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