The Petroleum Licensing (Exploration and Production) (Seaward and Landward Areas) Regulations 2004

1.  After paragraph (1) of model clause 3 in Schedule 4 the following paragraph shall be insertedU.K.

(2) This licence shall, unless the Minister in any particular case decides otherwise, automatically cease and determine on the second anniversary of the date of commencement of the Initial Term in the event of failure by the Licensee on or before such anniversary to—

(a)take the action described in Part I of the Work Programme; and

(b)undertake to complete on or before expiry of the Initial Term the work described in Part II of the Work Programme

and the next following paragraph of the said model clause shall be re-numbered (3) and expressed to apply subject to paragraph (2) above.

Commencement Information

I1Sch. 5 para. 1 in force at 5.3.2004, see reg. 1