The Foreign Fields (Specification) Order 1991
This Order specifies the Odin gasfield, in that part of the continental shelf under the North Sea which is subject to Norwegian jurisdiction, as a foreign field for the purposes of the Oil Taxation Act 1983. Specification as a foreign field for the purposes of the Act has two potential effects. First, the field in question becomes a “user field” for the purposes of section 9 of the Act. A “tariff receipts allowance” is then available to participators in a United Kingdom field who are chargeable to petroleum revenue tax in respect of tariffs received by them for the use of field assets by licensees in the user field. Secondly, the licensees in a foreign field specified for the purposes of the Act are, by virtue of section 12, themselves brought within the charge of petroleum revenue tax in respect of consideration received by them which is attributable to the use by participators in United Kingdom fields of the foreign field assets.