Schedules

Schedule 21Petroleum licences: amendments to model clauses

Part 2Petroleum (Current Model Clauses) Order 1999

Part 2 of Schedule 13

40

(1)

Clause 33 (power of revocation) is amended as follows.

(2)

In paragraph (2)—

(a)

after sub-paragraph (h) insert—

“(i)

if the Licensee is a company, any breach of a condition subject to which the Oil and Gas Authority gave its consent to a change in control of the Licensee (see clause 32A);

(j)

if the Licensee is a company, any failure to provide full and accurate information in response to a notice given by the Oil and Gas Authority to that company under section 5D of the Petroleum Act 1998;”;

(b)

in the closing words, after “(f)” insert “or (i) or (j)”.

(3)

Omit paragraphs (3) to (5).