§ Mr. DarlingTo ask the Chancellor of the Exchequer what was the revenue from(a) corporation tax and (b) petroleum revenue tax from oil and gas fields in each year from 1983 to 1992–93.
§ Mr. Dorrell[holding answer 10 May 1993]: Revenues raised from United Kingdom oil and gas production by corporation tax and petroleum revenue tax are as follows:
£ million Year 1Corporation tax Petroleum revenue tax 1983–84 877 6,017 1984–85 2,432 7,177 1985–86 2,916 6,375 1986–87 2,676 1,188 1987–88 1,318 2,296 1988–89 1,230 1,371 1989–90 743 1,050 1990–91 971 860 1991–92 647 -216 1992–93 670 54 1Before ACT set-off.
§ Mr. DarlingTo ask the Chancellor of the Exchequer if he will list the number of oil fields which were subject to the payment of petroleum revenue tax in each year from 1983 to 1992–93 as compared to the total number of oil fields in production during the same period.
§ Mr. Dorrell[holding answer 10 May 1993]: The numbers of oil and gas fields with a liability to petroleum revenue tax and the total number of fields in production since 1984 have been as follows:
400W
Number of fields with PRT liability Number of fields in production 1984 15 35 1985 16 42 1986 17 49
Number of fields with PRT liability Number of fields in production 1987 17 55 1988 15 62 1989 16 72 1990 20 81 1991 20 82 1992 17 94 The information on fields with liabilities is not available for 1983, when 32 fields were in production.
§ Mr. DarlingTo ask the Chancellor of the Exchequer what is his estimate of the number of oil fields that would be subject to the payment of petroleum revenue tax in each year between 1993–94 and 1997–98.
§ Mr. Dorrell[holding answer 10 May 1993]: The number of oil and gas fields with a liability to petroleum revenue tax in 1993 is estimated to be approximately 20. Forecasts are not made for future years.