PETROLEUM (PRODUCTION) ACT (NORTHERN IRELAND) 1964

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PETROLEUM (PRODUCTION) ACT (NORTHERN IRELAND) 1964 - SECT 11B



11B.(1) Without prejudice to any award of the Lands Tribunal, where
compensation is payable to any persons under sections 4 to 6 or any proportion
of the fraction mentioned in section 11 is payable to any persons,
the Ministry may make payments to those persons in respect of the compensation
or, as the case may be, that proportion at such times or intervals as are
reasonable having regard to the size and nature of the payments concerned.

(2) The provisions of paragraphs 12 and 14 to 17 of Schedule 2 to the Act of
1969 shall have effect with respect to the satisfaction of claims for the said
compensation or proportion as they have effect with respect to the
satisfaction of claims for compensation under that Schedule with

(a)the substitution for any reference to compensation under that Schedule of a
reference to the said compensation or proportion,

(b)the substitution for any reference to the compensation fund of a reference
to the Ministry, and

(c)in paragraph 16, the substitution for the reference to the date of the
vesting of the land or ancillary rights of a reference to the date of the
expiration of one month after

(i)in the case of compensation payable under sections 4 to 6, the date of the
receipt by the Ministry of the royalties from the net proceeds of which the
compensation is payable or, where section 5(3) applies, the date on which the
royalties would have been received if the well had been within the area
specified in a licence granted under section 2, or

(ii)in the case of the said proportion, the date of the receipt by
the Ministry of the royalties or profits from a fraction of which that
proportion falls to be calculated;

(c)and the omission of the words from "or where the compensation is payable by
instalments" to "the instalment falls due".][

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Northern Irish Legislation

PETROLEUM (PRODUCTION) ACT (NORTHERN IRELAND) 1964 - SECT 11B