Regulation 3 Liability to pay the levyI1

England, Wales and Scotland

(1)

Except where paragraph (2) applies, for each offshore production licence which a licensee holds at the relevant time, the licensee is liable to pay, in respect of the charging period, a levy of £6,808.65.

(2)

For each offshore production licence—

(a)

which a licensee holds at the relevant time, and

(b)

under which, at that time, the licensee is entitled to—

(i)

erect or carry out any relevant works (within the meaning of the licence) either in the licensed area or elsewhere, for the purpose of getting petroleum from that area or for the purpose of conveying to a place on land petroleum got from that area; or

(ii)

get petroleum from that area otherwise than in the course of searching for petroleum, drilling wells or testing wells,

the licensee is liable to pay, in respect of the charging period, a levy of £64,951.96.

(3)

Where at the relevant time a licensee is the licensee of an offshore exploration licence, the licensee is liable to pay, in respect of the charging period, a levy of £6,808.65 for that licence.

(4)

For the purpose of this regulation the “relevant time” means 12.01a.m. on 1st April 2016.

Annotations

Commencement

I1: Reg. 3 in force at 1.4.2016, see reg. 1