Netherland – UK (Markham Field)
JDA16@NEUKM
Asia
Agreement between the United Kingdom of Great Britain and Northern Ireland and the Kingdom of the Netherlands relating to the Exploitation of the Markham Field Reservoirs and the Offtake of Petroleum therefrom
Implementation Date: 26 May 1992, entered into force on 3 March 1993
Maritime border Defined
Simple Revenue Sharing / Unitization
Summary:
The Markham Field is a gas accumulation lying within the Southern North Sea and the first field to be developed that is straddling the UK-Netherlands median line. The 1992 Markham unitisation agreement determined the split of the reserves as 59% of the reserves in Netherlands and 41% in the UK. It is also the first field that exported UK gas to continental Europe.
Split:
The Unit Operator shall be required to make written submissions, including supporting documentation, to the Governments, at least 45 days before production of Markham Petroleum is scheduled to commence, setting out proposals for the determination of:
(a) the position and extent of the Markham Field Reservoirs; and
(b) an apportionment of Markham Petroleum as between the Groups of Markham Licensees calculated in accordance with the formula specified in the relevant Licensees' Agreement under which tract participations are finally determined;
<From JDA16@NEUKM#1 [5(1)]>
The 1992 Markham unitisation agreement determined the split of the reserves as 59% of the reserves in Netherlands and 41% in the UK
Governance:
The exploitation of the Markham Field Reservoirs shall be undertaken in an integrated manner in accordance with the terms of this Agreement.
<From JDA16@NEUKM#1 [5(1)]>
A single Markham Licensee shall be appointed by agreement between the Markham Licensees as their agent for the purposes of exploiting the Markham Field Reservoirs in accordance with this Agreement (" the Unit Operator ").
<From JDA16@NEUKM#1 [4]>
An inter-Governmental commission to be known as the Markham Commission shall be established for the purpose of facilitating the implementation of this Agreement.
<From JDA16@NEUKM#1 [22]>
Other References:
Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the Kingdom of the Netherlands relating to the Exploitation of Single Geological Structures extending across the Dividing Line on the Continental Shelf under the North Sea.
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