# The Field Allowance for New Oil Fields Order 2010, Article 7: Field Allowance for deep water gas field


For the purpose of Schedule 44, the total field allowance (“TFA”) for a new oil field in the case of a deep water gas field is, subject to article 8, calculated as follows—
TFA=Y( D−60 60 ) where—
(a) “Y” is—
(i) £800,000,000; or
(ii) where there are more than two deep water gas fields authorised on the same day, £1,600,000,000 divided by the number of deep water gas fields authorised on that day; and
(b) “D” is—
(i) the length in kilometres of the distance covered by article 3(2) where that is more than 60 but less than 120; or
(ii) 120 where that length is 120 kilometres or more.

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Source: https://www.legislation.gov.uk/ukdsi/2010/9780111492239/article/7 (the official version)
Page: https://openlegislation.uk/draft-field-allowance-for-new-oil-fields-order-2010/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.