# The Oil Taxation (Nomination Scheme for Disposals) (Amendment) Regulations 2007, Regulation 3: Amendment of the Oil Taxation (Nomination Scheme for Disposals) Regulations 1987


In regulation 2A (excluded oil)—
(a) in paragraph (1) after “Brent-Forties-Oseberg forward contract” insert “or a Brent-Forties-Oseberg-Ekofisk forward contract”
(b) after paragraph (2) insert—
“(3) In paragraph (1) “a Brent-Forties-Oseberg-Ekofisk forward contract” means a contract which provides for settlement, at least 21 days after the date on which it is made, by the delivery of a volume of oil comprising, at the seller’s election, Brent blend, Forties blend or oil of Oseberg grade or oil of Ekofisk blend, or a cash payment.”

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Source: https://www.legislation.gov.uk/uksi/2007/1454/regulation/3 (the official version)
Page: https://openlegislation.uk/oil-taxation-nomination-scheme-for-disposals-amendment-regulations-2007/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.