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Canada Goose Jackets LONDON, Oct 24 (Reuters) Canada Talisman Energy will invest 1.6 billion pounds ($2.55 billion) in one of its oldest oil platforms in Britain North Sea, taking advantage of tax Canada Goose Jackets breaks announced last month and providing a shot in the arm for the declining region. Canada Goose Jackets

Canada Goose Parka Britain cheap Canada Goose Canada Goose Outlet government, canada goose clearance sale under pressure to stimulate economic growth, introduced a tax break for older oil fields in canada goose uk black friday September to try to revive the North Sea after a dramatic fall in oil and gas output shaved at least half canada goose a percentage point off UK growth canada goose black friday sale in 2011. Canada Goose Parka

cheap Canada Goose In a sign that the new tax regime is already paying dividends, Talisman said on canada goose clearance Wednesday that it will invest 1.6 billion pounds to redevelop the Montrose Area, off the coast of Scotland, confirming a statement it made in September. cheap Canada Goose

Canada Goose online Geoff Holmes, senior vice cheap canada goose uk president of Talisman Energy (UK), said that the project would not have gone ahead without the tax break and that most of the 100 million barrels that the project will develop would uk canada goose outlet have been left in canadian goose jacket the ground. Canada Goose online

canada goose Britain oil and gas production, long a buy canada goose jacket boon for now dire public finances, peaked in canada goose store 1999 and the oil canada goose coats industry forecast that the region decline could accelerate after the British government hiked a tax on producers Canada Goose Outlet by 12 percent in March 2011. canada goose

buy canada goose jacket must do all we can to prolong the economic life of our oil rich seas and make the most of this precious resource, British Energy Minister John Hayes said in a canada goose coats on sale statement. buy canada goose jacket

Canada Goose Outlet The government approved Talisman plans on Wednesday, the second North Canada Goose online Sea canada goose factory sale project to be given the go ahead in three days, after Shell and Exxon Mobil Fram field was sanctioned on Monday. Canada Goose Outlet

buy canada goose jacket cheap The tax breaks for older fields, which are often more costly to run, are the latest measures introduced since last year tax hike, Canada Goose Coats On Sale as the government takes steps to reverse the impact of the tax rise and maximise oil production. buy canada goose jacket cheap

canada goose black friday sale The Montrose redevelopment will involve Talisman, which has agreed to sell a 49 percent stake in its North Sea operations to Canada Goose Online China Sinopec Corp, bringing two undeveloped oil fields onstream through an upgrade to the 36 Canada Goose Parka year old Montrose platform. canada goose black friday sale

canada goose clearance Production from the new project, which will start pumping oil in 2016, will buy canada goose jacket cheap reach 36,000 canada goose uk outlet barrels of oil per day uk canada goose (bopd), a significant jump from current production Canada Goose sale levels of less than 10,000 bopd, and compared to the UK total production of 1.8 million barrels of oil equivalent per day in 2011. canada goose clearance

Canada Goose sale Holmes said the government had demonstrated that the North Sea was for business something he believed was positive given that he sees the region future oil production increasingly coming from smaller discoveries and canada goose uk shop the redeveloping mature assets Canada Goose sale.