Oil Taxation Act 1975 section Schedule 1 paragraph 5

Areas that are oil fields

Schedule 1, paragraph 5 confirms that a determination of an oil field boundary can be revised at any time by the relevant authority issuing a new determination, subject to the same procedural rules.

• An existing oil field determination can be varied at any time by the appropriate authority.
• Variation takes the form of a completely new determination replacing the earlier one.
• The same procedural requirements that apply to original determinations (set out in paragraphs 2 to 4 of Schedule 1) also apply to any new determination.
• This ensures that the boundaries of oil fields can be kept up to date as geological or operational circumstances change.