CLEAN : Scotland asks for Londons help over sliding oil price

The video discusses the challenges faced by the oil industry, emphasizing the need for tax reforms to boost investment and exploration. It highlights the industry's resilience, referencing past oil price drops, and underscores the significant role of international projects in the sector's revenue. The proposed tax measures aim to restore confidence and address high taxation levels introduced in 2011.

What are the three key elements proposed to boost confidence in the oil industry?

• Expansion of oil fields, reduction in workforce, and technological advancements

• Government subsidies, international partnerships, and tax exemptions

• Increase in oil prices, reduction in production, and new drilling techniques

• Investment allowance, exploration tax credit, and removal of tax hike

Which year saw a 12% hike in the level of taxation for the oil industry?

• 2020

• 2011

• 2015

• 2005

How has the oil industry in Aberdeen demonstrated resilience in the past?

• By maintaining operations during low oil prices

• By diversifying into renewable energy

• By increasing oil production during economic downturns

• By relocating operations to more profitable regions

What percentage of the oil industry's revenue comes from international work?

• 100%

• 75%

• 50%

• 25%

What role does Aberdeen play in the global oil industry?

• A local supplier of oil equipment

• A training center for oil industry professionals

• A regulatory body for oil exploration

• An international hub for oil industry projects