PRT: supplement - providing installations for initial treatment or storage
OTA75\S3(5)(d) allows supplement for expenditure incurred on providing any installation for the initial treatment or initial storage of oil won from the field.
This category covers most of the expenditure allowable under OTA75\S3(1)(g), see OT09200. Qualifying costs are limited to the provision of an installation, which is to be treated as an asset with a fixed location such as a tank, separator etc. ‘Providing’ does not mean a change of ownership of installations already built and available. As with OTA75\S3(5( c) there is a sense of assets being created, or bought and installed, or of something new being added.
For treatment of associated overheads, see OT12400.