Oil Taxation Act 1975 Schedule 8 paragraph 2

Reference and determination of question of abandonment of oil field

Schedule 8 paragraph 2 sets out the procedure by which the Board notifies relevant parties of its decision on whether an oil field has been abandoned.

• The Board must notify the responsible person in writing of its decision on whether oil winning has ceased from a field.
• If the Board decides that oil winning has ceased, the notice must include the specific date on which cessation occurred.
• The responsible person must distribute a copy of the Board's notice to every person who was ever a participator in the field.
• This distribution must be completed within one month of the responsible person receiving the Board's notice.