{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-1003",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-1003.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/1003",
  "kind": "section",
  "number": "1003",
  "heading": "Meaning of “oil and gas exploration and appraisal”",
  "text": "(1) In the Income Tax Acts “oil and gas exploration and appraisal” means activities carried out for the purpose of—\n(a) searching for petroleum anywhere in an area,\n(b) ascertaining a petroleum-bearing area's extent or characteristics, or\n(c) ascertaining its reserves of petroleum,\nso that it may be determined whether the petroleum is suitable for commercial exploitation.\n(2) In this section “petroleum” has the meaning given by section 1 of the Petroleum Act 1998 (c. 17).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/1003",
    "retrieved_at": "2026-10-29T09:13:03.599581+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}