Art. 1 Verdrag tussen het Koninkrijk der Nederlanden en het Verenigd Koninkrijk van Groot-Brittannië en Noord-Ierland inzake de exploitatie van het Sillimanite-veld

For the purposes of this Agreement: “Competent Authority” refers to a body exercising certain functions on behalf of the Party for the implementation of this Agreement. In the United Kingdom, this means the Oil and Gas Authority (the OGA) which has been granted a range of powers to exercise functions and in the Netherlands, this means the Minister of Economic Affairs and Climate Policy. In both cases, this includes any successor organisation authorised to perform the relevant functions at present exercised by said authorities; “Development Plan” means a programme specifying the relevant works, that may be amended from time to time, and which the relevant Competent Authority has approved or served on the Licensee for the exploitation of the Sillimanite Field; “Licensee” means the holder of a licence issued by one of the Parties or their relevant Competent Authority to exploit the part of the Sillimanite Field on the Continental Shelf appertaining to that Party, together with any individual or body corporate appointed by that Party or their relevant Competent Authority to participate on its behalf in the exploitation of that part; “Licensees’ Agreement” means the agreement which is, or will be, entered into by the Licensees for the exploitation of the Sillimanite Field; “Redetermination” means a review of the levels of hydrocarbons contained in the Sillimanite Field in accordance with the Licensees’ Agreement, which may be followed by a re-establishment of the allocation of such hydrocarbons and unit interests between the Licensees; “Sillimanite Field” means the gas field in the area delimited in the Annex to this Agreement; and “Unit Operator” has the meaning given in Article 2(3).

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