Oil Taxation Act 1975 section 3

Areas that are oil fields

Paragraph 3 of Schedule 1 deals with the form that a field determination must take and the requirement to assign an identifying designation to each oil field.

• A determination of an oil field under Schedule 1 can be in whatever form the appropriate authority considers suitable.
• Each determination must assign a distinguishing number or other designation to the oil field it relates to.
• The purpose of the designation is to identify the field for petroleum revenue tax and other purposes.
• The appropriate authority has discretion over the format but the identification requirement is mandatory.