Paragraph 13 Keeping of accountsI1
United Kingdom
The Licensee shall keep in the United Kingdom full and correct accounts in a form from time to time approved by the Minister of—
the quantity of petroleum in the form of gas won and saved;
the quantity of petroleum in any other form won and saved;
the name and address of any person to whom any petroleum has been supplied by the Licensee, the quantity so supplied, the price or other consideration therefor and the place to which the petroleum was conveyed pursuant to the agreement for such supply; and
such other particulars as the Minister may from time to time direct.
The quantities of petroleum stated in such accounts may exclude any water separated from the petroleum and shall be expressed—
in the case of petroleum in the form of gas, as volumes in cubic metres measured at, or calculated as if measured at, a temperature of 0 degrees centigrade and a pressure of one kilogramme force per square centimetre;
in any other case as weights in metric tons.
Such accounts shall state separately the quantities used for the purposes of carrying on drilling and production operations and pumping to field storage, and quantities not so used, and in the case of petroleum not in the form of gas shall state the specific gravity of the petroleum and if petroleum of different specific gravities has been won and saved, the respective quantities of each specific gravity.
The Licensee shall within two months after the end of each half year in which this licence is in force and within two months after the expiration or determination of this licence deliver to the Minister an abstract in a form from time to time approved by the Minister of the accounts for that half year or for the period prior to such expiration or determination as the case may be.
Annotations
Commencement
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Sch. 2 clause 13 in force at 15.2.1999, see art. 1