SCHEDULE 2
Schedule 4 to the 1984 Regulations
2
(1)
The model clauses set out in Schedule 4 to the M1Petroleum (Production) (Landward Areas) Regulations 1984 (clauses for incorporation in appraisal licences for landward areas) shall have effect with the following amendments (which relate to calculation and payments of royalty, arbitration and measurement etc. of petroleum).
(2)
“(3)
Any clause of this licence which referes to any provision of Part I of the Oil Taxation Act 1975 shall, unless the contrary intention appears, be construed as referring to that provision as it has effect for the time being for the purposes of petroleum revenue tax.”
(3)
In clause 9(6), after “may” there shall be inserted “
, during the period of 28 days beginning with the day on which the Licensee receives the notice,
”
.
(4)
In clause 9(7)(b), for “or (4)” there shall be substituted “
, (4) or (5)
”
.
(5)
“(1A)
If and to the extent that the Minister so directs, the duty imposed by paragraph (1) of this clause shall be discharged separately in relation to petroleum won and saved—
(a)
from each part of the licensed area which is an oil field for the purposes of the Oil Taxation Act 1975,
(b)
from each part of the licensed area which forms part of such an oil field extending beyond the licensed area, and
(c)
from each well producing petroleum from a part of the licensed area which is not within such an oil field.
(1B)
If and to the extent that the Minister so directs, the preceding provisions of this clause shall apply as if the duty to measure or weigh petroleum included a duty to ascertain its quality or composition or both; and where a direction under this paragraph is in force, the following provisions of this clause shall have effect as if references to measuring or weighing included references to ascertaining quality or composition.”