Regulation 2 Interpretation

In these Regulations—

• “leviable costs” means the sum of the costs incurred by the OGA^f1 and the Lord Chancellor in exercising the functions referred to in section 13(2)(a) of the Energy Act 2016 excluding any costs incurred in the exercise of functions referred to in section 13(2)(b) of that Act;

• “licensee” means a person holding a petroleum licence;

• “petroleum licence” means a licence granted under—

  1. (a)

     section 2 of the Petroleum (Production) Act 1934^f2 (licences to search for and get petroleum), or

  2. (b)

     section 3 of the Petroleum Act 1998^f3 (licences to search and bore for and get petroleum),

  which is not an excluded licence^f4 in relation to the relevant charging period;

• “relevant charging period” means the period beginning on 1st April 2017 and ending on 31st March 2018.