Producers fight industry oil levy

Original article by Perry Williams
The Australian – Page: 17 : 10-Jun-21

It will cost taxpayers some $47.4m to maintain the Northern Endeavour in 2020-21, according to the federal government’s Budget papers. Meanwhile, oil and gas producers will lobby against a proposed industry levy to help finance decommissioning and remediation costs associated with the offshore oil production vessel in the Timor Sea. Some industry players believe that the Northern Endeavour’s former owner Woodside Petroleum should bear the cost; in 2015 it sold the vessel to Northern Oil & Gas Australia, which subsequently went into administration.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, NORTHERN OIL AND GAS AUSTRALIA PTY LTD

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