554 Circumstances in which oil licence relates to undeveloped area
Capital Allowances Act 2001 (2001 c 2) | Legislation

554  Circumstances in which oil licence relates to undeveloped area

(1)     A UK oil licence relates to an undeveloped area if—

(a)     no consent for development has been granted to the licensee for any part of the licensed area by the relevant authority, and

(b)     no programme of development has been served on the licensee or approved for any part of the licensed area

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