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(1)The Participation Agreements Act 1978 shall have effect as if references to the Corporation (except the last reference in section 1(3)) were, in relation to agreements entered into after the transfer date, references to the Agency.
(3)In Part I of Schedule 4 to the M2National Audit Act 1983 (bodies to which section 7 of that Act does not apply) there shall be inserted (at the appropriate place) the following entry—
“The Oil and Pipelines Agency”.
(4)The enactments mentioned in Schedule 4 to this Act are hereby repealed to the extent specified in the third column of that Schedule.
(5)The repeal of section 2 of the Oil and Gas (Enterprise) Act 1982 shall not affect the operation of any scheme made under that section before the transfer date.
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