The head of oil and gas for professional services firm EY said the Chancellor's announcement could prove to be a "turning point" for exploration and production in the North Sea.
In an interview with Energy Voice, Derek Leith said the initial steps taken may receive a mixed review from the industry.
Further announcements are expected tomorrow, in Aberdeen, by the Chief Secretary to the Treasury, Danny Alexander.
“You can do everything else you need to do as a women - have a family, have kids and still do very, very well in the industry.”
Julya Bonkat made her transition into the oil and gas industry after studying to become a computer engineer.
The 34-year-old has always had an interest in maths and physics and she wants to see more women with the same passion consider science-based careers.
“I realised that if I chose geology over chemistry, my lab wouldn't just be a chemistry room. With geology my lab could be the world.”
Hannah Mary Goodlad had always shown a talent for science when she was in school and following the encouragement of her teachers, she decided to study chemistry at university.
But in the crux of her studies she eventually discovered her true passion - geology.