CELEX: 51978PC0383
Language: en
Date: 1978-07-31
Title: AMENDMENT TO THE PROPOSAL for a Council Regulation of 25 October 1977 on support for joint hydrocarbon exploration projects (Doc. COM(77)532 final) (submitted to the Council by the Commission pursuant to the second paragraph of Article 149 of the EEC Treaty)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (78) 383
Vol. 1978/0144
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                              -   . COM(78)383 final .
                                                    Brussels , 31 July 1978
                          AMENDMENT TO TES PROPOSAL
    for a Council Regulation of 25 October 1977 on support for joint
                       hydrocarbon exploration projects
                           (Doc. COM(77)532 final )
           ( submitted to the Council by the Commission pursuant
         to the second paragraph of Article 149 of the EEC Treaty )
C0M(78 ) 383 final   I
 ---pagebreak---                                                                      XVII/ 276 /78-E
                                EX PL ATTATOR Y T-*EI'0I? ATIDT JM
1 . On 29 rTovemter 1974 the Commission presented to the Council a Proposal
    for a Regulation concerning support to joint hydrocarbon exploration
    projects ( OJ ETo C/l3 ( p. 3 ) of 25 January 1975 )-          -
2 . Following the guidelines set out "by the Council on . 26 June 1975 and the
    report submitted "by a panel of geologists , the Commission amended 'its
    initial proposal and coupled it with some specific measures of support .
    This new proposal- was presented to the Council on 31 October 1977
    ( Doc . CCi:(77 ) 532 final ).
3 . Having "been consulted "by the Council on the Commission 's amended Proposal
    the European Parliament delivered an opinion on 8 May 1978 *
    consequence of that opinion , the Commission has amended its Proposal
    for a framework Regulation.                                               ■
 ---pagebreak---                                                             XVI1/27 6/7 8-E
                         AT-lE?rDI.II?!'TT TO THE PROPOSAL
                                                       Φ
    for a Council Regulation of 25 October 1977 on support for joint
                     hydrocarbon exploration projects
                         ( Doc. COK(77 ) 532 final )
                                    Articles 1-3
Unchanged .
                                        .Article 4
Projects may emanate from Member States , undertakings or groups of undertakings ,
 or from the Commission .
For each project a dossier shall be compiled which shall' include :
- a detailed description of the project and, where appropriate , of the
   drilling programme ;
- indications as to the probable presence of hydrocarbons in the exploration
   zone , and the results of geophysical work;
-'the cost of the project, and the financing arrangements proposed for
   carrying it out';
- any other information which may justify the type and extent of the
   proposed support ;                                        ■
- any support provided for or expected from Member States for the project . .
                                       Article 5
The ■ Commission shall publish in the Official Journal of the European Communities
invitations to tender for the execution of exploration projects .
                                       Article o
There is hereby established a Committee on Hydrocarbon Exploration Projects ,
hereinafter referred to as " the Committee".            It shall . consist of represent­
atives of the Member States , with a representative of the Commission as
Chairman.   .
 ---pagebreak---                                    - 2 -                    XVII/27 6/7 8-E
                               Aréole 7
After consulting the Committee , the Commission shall r
- select projects ivhich it considers ought to receive financial aid •
   from the Community ;
- designate the undertakings or groups of -undertakings which are to
   carry out the projects selected;
- decide , for each project , the amount of financial support to be
  granted .          ^
                                Article 8 1                 . ..
The amount of aid provided for the financing of the projects shall "be
determined by the appropriations actually allocated by the Budgetary
Authority for the financial year in question.
                                Article 9
Decisions of tne Commission snail be notified to the undertakings concerned
and to .the Member States under whose' jurisdiction the exploration is to
be carried out . these Decisions shall be notified for information purposes
to the Council and the European Parliament .
                               Article 10 '
The undertakings which receive Community support under exploration _
projects of this kind shall agree to exchange information on the results
obtained and to cooperate at technical level in order to guarantee an
optimum development in the areas covered by aid programmes ; the
Commission shall define the details of the exchange of information and
cooperation after consulting the Committee .
             . .             Articles 11-1 S
Articles 7-H of the Commission 's initial Proposal , renumbered .