The Petroleum Revenue Tax (Attribution of Blended Crude Oil) Regulations 2006
These Regulations deal with the attribution of blended crude oil across the originating field interests of a participator or seller so that the allocation reflects the extent of the participator or seller’s actual or projected production entitlements in an originating field for tax purposes. The Regulations further deal with the attribution of nomination excesses across a participator’s field interests where there has been a relevant delivery of blended crude oil.