"Total is working all over the world and has to choose between projects and I can tell you if that project [Laggan Tormore] would have been brought nowadays for sanction it would not be sanctioned," Philippe Guys, managing director of Total E&P UK, told industry leaders.
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Total felt betrayed by North Sea tax hike, says chief
THE head of Total's UK operations signalled its flagship development west of Shetland would not have been approved if the company had known in advance about the hike in the tax on North Sea profits that was imposed in the Budget last March.
