‘post-exploration’ means any activity carried out after the completion of the appraisal phase, including-
(a) the separation of oil and gas condensates;
(b) the drying of gas; and
(c) the removal of non-hydrocarbon constituents, to the extent that these processes are preliminary to refining;
‘oil and gas right’ means-
(a) any reconnaissance permit, technical co-operation permit, exploration right, or production right as defined in section 1 of the Mineral and Petroleum Resources Development Act or any interest therein;
(b) any exploration right acquired by virtue of a conversion contemplated in item 4 of Schedule II to the Mineral and Petroleum Resources Development Act or any interest therein; or
(c) any production right acquired by virtue of a conversion contemplated in item 5 of Schedule II to the Mineral and Petroleum Resources Development Act or any interest therein;
‘oil and gas income’ means the receipts and accruals derived by an oil and gas company from –
(a) exploration in terms of any oil and gas right;
(b) post-exploration in respect of any oil and gas right; or
(c) the leasing or disposal of any oil and gas right;
‘oil and gas company’ means any company that –
(i) holds any oil and gas right; or
(ii) engages in exploration or post-exploration in terms of any oil and gas right;
‘oil’ means any subsoil combustible liquid consisting primarily of hydrocarbons, other than hydrocarbons converted from bituminous shales or other stratified deposits of solid hydrocarbons;
‘gas’ means any subsoil combustible gas, consisting primarily of hydrocarbons, other than hydrocarbons converted from bituminous shales or other stratified deposits of solid hydrocarbons;
‘exploration’ means the acquisition, processing and analysis of geological and geophysical data or the undertaking of activities in verifying the presence or absence of hydrocarbons (up to and including the appraisal phase) conducted for the purpose of determining whether a reservoir is economically feasible to develop;
1. Definitions
For purposes of this Schedule, unless the context otherwise indicates –
TENTH SCHEDULE
OIL AND GAS ACTIVITIES
5. Land and Housing
(a) The development, construction, upgrading, conversion or procurement of housing units for the benefit of persons whose monthly household income is equal to or less than R15 000 or any greater amount determined by the Minister of Finance by notice in the Gazette after consultation with the Minister of Housing.
(b) The development, servicing, upgrading or procurement of stands, or the provision of building materials, for purposes of the activities contemplated in subparagraph (a).
(c) Building and equipping of clinics or creches for the benefit of the poor and needy.
(d) The protection, enforcement or improvement of the rights of poor and needy tenants, labour tenants or occupiers, to use or occupy land or housing.
(e) The promotion, facilitation and support of access to land and use of land, housing and infrastructural development for promoting official land reform programmes.