Sector Focus 

No easy assumptions on North Sea prospects

No easy assumptions on North Sea prospects

Firstly, a caveat: as this issue hits the newsstands, there is an outside chance that Jeremy Corbyn will be on his way to Buckingham Palace to pick up the keys to No. 10 Downing Street. If this scenario plays out, within a few short months his next-door neighbour will levy an £11bn windfall tax on North Sea oil producers to help fund the fabled “green industrial revolution”. 

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