SCHEDULES

SCHEDULE 15Oil activities: transferable tax history

PART 2The total TTH amount

5The “uplifted decommissioning costs estimate”

To determine the “uplifted decommissioning costs estimate” in relation to the TTH asset—

a

determine the transferred proportion of the net cost amount (see paragraphs 6 and 7),

b

allocate the relevant proportion of the amount determined under paragraph (a) to the TTH asset (see paragraph 8),

c

adjust the allocated amount in accordance with paragraph 9, and

d

double the adjusted amount.