By Ross Davidson and Elaine Maslin
Published: 30/07/2011
THE UK Governments £10billion tax raid on North Sea operators has cast doubt on the future of another significant discovery.
Oil and gas giant Royal Dutch Shell said yesterday it would not develop the Fram field, which holds hundreds of millions of barrels of oil, until it had assessed the full extent of the tax impact.
The firm said it had submitted a field-development plan to the Department of Energy and Climate Change, but the tax rise had made even that decision more difficult.