This section has no associated Explanatory Notes
12(1)Section 346 (reduction of field allowance if equity disposed of) is amended as follows.U.K.
(2)In subsection (1), for “the new oil field” (in the first place it occurs) substitute “ the eligible oil field ”.
(3)In the definitions of “E1” and “E2”, for “the new oil field” substitute “ the field ”.
Commencement Information
I1Sch. 22 para. 12 in force at 1.4.2013 for the purposes of the amendments made by that paragraph by S.I. 2013/744, art. 2