Paragraph 12 I1
(1)
Section 346 (reduction of field allowance if equity disposed of) is amended as follows.
(2)
In subsection (1), for “the new oil field” (in the first place it occurs) substitute “ the eligible oil field ”.
(3)
In the definitions of “E1” and “E2”, for “the new oil field” substitute “ the field ”.
Annotations
Commencement
- I1
Sch. 22 para. 12 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2