PART 2 The Oil and Gas Authority Levy

Calculation of production levy and non-production levy

5.—(1) For the purposes of regulation 3, the OGA must calculate the production levy in accordance with the formula—

(2) For the purposes of regulation 4, the OGA must calculate the non-production levy in accordance with the formula—

(3) In this regulation—

“C” is £22,750,000, which are the leviable costs for the relevant charging period;

“N100” is the total number of licences for which a licensee is liable to pay the non-production levy under regulation 4(2);

“N90” is the total number of licences for which a licensee is liable to pay the non-production levy under regulation 4(5);

“N80” is the total number of licences for which a licensee is liable to pay the non-production levy under regulation 4(4); and

“P” is the total number of offshore production licences for which a licensee is liable to pay the production levy under regulation 3(2).