§ Mr. Skeetasked the Secretary of State for Energy if he is satisfied that the fiscal package introduced by the Oil Taxation Act 1975 will permit a reasonable rate of return for such fields as Dunlin, Heather, Huttin and Statfjord (British section).
§ Mr. DellI have been asked to reply.
The Oil Taxation Act contains several provisions specially designed to encourage the development of marginal fields. I am satisfied that these will have the intended effect, but I am not prepared to comment on the rates of return for particular fields which will depend on a variety of factors.