These Regulations make provision for imposing a levy on licensees of offshore licences. The levy is payable to meet the expenditure of the Oil and Gas Authority (the “OGA”) in carrying out certain functions as set out in section 42(5) of the Infrastructure Act 2015 (c. 7).
The charging period4
The charging period is a six month period beginning on 1st October 2015 and ending on 31st March 2016.