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The Scottish government has proposed three main changes to the oil and gas fiscal regime, as detailed in their latest Oil and Gas Discussion Paper: An investment allowance to provide support for fields that incur higher costs to develop.
"But in the absence of fiscal tightening that significantly cuts the non-oil and gas fiscal deficit, a severe and sustained drop in the oil price would have a damaging impact on the Russian economy and public finances and would likely lead to a downgrade" of the nation's credit rating.
Speaking on a flying visit to the oil capital of Aberdeen she said: "The recent drop in the price of a barrel of crude oil, combined with the mismanagement of oil and gas fiscal policy by the UK government, and other challenges facing the industry, pose a threat to a number of jobs.
"We will publish the initial conclusions of the oil and gas fiscal review alongside the Autumn Statement".
It would also establish a Scottish Energy Fund, and has pledged not to make any changes to the oil and gas fiscal regime without consultation.
"Changes to the oil and gas fiscal regime may also produce material benefits in terms of decommissioning and for new developments west of Shetland".
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