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PETROLEUM (PRODUCTION) ACT (NORTHERN IRELAND) 1964 - SECT 4

Compensation.

4.(1) Compensation shall be payable in accordance with the succeeding
provisions of this Act and not otherwise in respect of petroleum vested in
the Ministry under section 1(1).

(2) Compensation under subsection (1) shall be related to royalties payable on
the following forms of petroleum:

(a)crude oil won and saved;

(b)casinghead petroleum spirit recovered;

(c)natural gas won and saved;

(d)any other form which may be prescribed.

(3) For the purposes of the succeeding provisions of this Act

"the appointed area" of a petroleum well, means the land contained in a circle
around that petroleum well having a radius of a quarter of a mile and a centre
fixed in the prescribed manner;

"the compensation area" of a petroleum well, means so much of
the appointed area thereof as consists of land whereof an estate in underlying
minerals was immediately before the commencement of this Act vested in any
person other than the Ministry not being land which at any time before such
commencement had been the subject of a merging order made by the Ministry
under section 8 of the Act of 1959.

© 1964 Crown Copyright

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