Commercial & Finance

ORF meaning in oil and gas

Definition

Outside the Ring-Fence

ORF means Outside the Ring-Fence. Identifies assets that are not subject to the special tax regime for oil and gas activity in the UK Continental Shelf whose taxable results are out side the ring-fence with other UK…

Identifies assets that are not subject to the special tax regime for oil and gas activity in the UK Continental Shelf whose taxable results are out side the ring-fence with other UK taxable activity

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