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The Hydrocarbons Licensing Directive Regulations 1995
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- UK Statutory Instruments
- 1995 No. 1434
- Regulation 6
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There are currently no known outstanding effects for the The Hydrocarbons Licensing Directive Regulations 1995, Section 6.
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Duration of the licenceE+W+S
6.—(1) Subject to paragraph (2) below, the [F1OGA] shall ensure that—
(a)a licence only grants an entity exclusive rights for the period which is necessary for the proper performance of the activities authorised by the licence; and
(b)the duration of the licence does not exceed the period necessary to carry out the activities authorised by the licence.
(2) The [F1OGA] may extend the term of a licence if—
(a)the terms and conditions of the licence permit an extension of the term;
(b)the licensee has performed its obligations in accordance with the terms and conditions of the licence; and
(c)the term of the licence has proved, or is likely to prove, insufficient for the licensee to complete the activities authorised by the licence.
Textual Amendments
F1Word in reg. 6 substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 5(5)
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