Related Commentary  

107(1)  The Oil Taxation Acts shall have effect in accordance with this section where provision is made by an agreement between the government of the United Kingdom and the government of another country for–

(a)the exploitation as a single unit of oil in strata in the sea bed and subsoil of an area consisting of–

(i)an oil field within the meaning of Part I of the Oil Taxation Act 1975; and

(ii)a sector under the jurisdiction of the other country; and

(b)the apportionment of the oil between–

(i)the participators in that field; and

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