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5.—(1) The Petroleum Licensing (Applications) Regulations 2015 are amended as follows.
(2) In regulation 2—
(a)omit the definition of “promote licence”;
(b)insert the following definition in the appropriate place—
““multiple phase licence” means a seaward area production licence in which, in accordance with the model clauses or clauses having a similar effect, at least one of Phase A or Phase B (within the meaning given by the model clauses) is specified;”.
(3) In Schedule 2—
(a)in paragraph 3, for “promote licence” substitute “multiple phase licence”;
(b)in paragraph 9(b), after “section 451(4)” insert “and (5)”.
(4) In Schedule 3, in paragraph 1, for “promote licence” substitute “multiple phase licence”.
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