Traditional approaches Unity of deposit clause (UK\Norway, 1965) –[1] If any single geological petroleum structure or petroleum field …extends across the dividing line and the [2] part of such structure or field which is situated on one side of the dividing line is exploitable, wholly or in part, from the other side of the dividing line, [3] the Contracting Parties shall, in consultation with the licensees, if any, [4] seek to reach agreement [4a] as to the manner in which the structure or field shall be most effectively exploited and [4b] the manner in which the proceeds deriving therefrom shall be apportioned.
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