Statute
Section 1134 — Corporation Tax Act 2010: “Oil and gas exploration and appraisal”
Text of the provision Official document
“Oil and gas exploration and appraisal” 1134 1 In the Corporation Tax Acts “ oil and gas exploration and appraisal ” means activities carried out for the purpose of—
a searching for petroleum anywhere in an area, b ascertaining a petroleum-bearing area's extent or characteristics, or c ascertaining its reserves of petroleum, so that it may be determined whether the petroleum is suitable for commercial exploitation.
2 In this section “ petroleum ” has the meaning given by section 1 of the Petroleum Act 1998.
Official source: legislation.gov.uk
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