Part 8Oil activities
F1CHAPTER 9Supplementary charge: cluster area allowance
Interpretation
356JNALicensed sub-areas
Where any person is entitled to a share of equity in a licensed area which relates to part only of that area—
(a)
that part is referred to in this Chapter as a “licensed sub-area”, and
(b)
the share of equity is referred to in this Chapter as a share of equity in the licensed sub-area,
and references to a licensee in a licensed sub-area are to be interpreted accordingly.