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In this Act—
“the Agency” means the Oil and Pipelines Agency;
“the Corporation” means the British National Oil Corporation;
“participation agreement” means—
(a)any participation agreement as defined in section 1 of the M1Participation Agreements Act 1978; or
(b)so much of any scheme made under section 2 or 10 of the M2Oil and Gas (Enterprise) Act 1982 as would, if made by agreement, constitute a participation agreement as so defined;
[F1 “ petroleum ” has the same meaning as in Part I of the Petroleum Act 1998; ]
“subsidiary” and “wholly owned subsidiary” [F2have the meanings given by section 1159 of the Companies Act 2006];
“the transfer date” has the meaning given by section 3(1) above;
“the transitional period” has the meaning given by section 3(4) above.
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