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The Petroleum Licensing (Exploration and Production) (Seaward and Landward Areas) Regulations 2004
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Power further to extend term of LicenceU.K.
6. Where this licence has continued in force by virtue of clause 5 of this licence for a total period of twenty years after the expiry of the Second Term, the Minister, on application being made to him in writing not later than three months before the expiry of such period, may agree with the Licensee that this licence shall continue in force thereafter for such further period as the Minister and the Licensee may agree in order to secure the maximum economic recovery of Petroleum from the Licensed Area and subject to such modification of the terms and conditions of this licence (which modification may include making provision for any further extension of the term of this licence) as the Minister and the Licensee may then agree is appropriate.
Commencement Information
I1Sch. 6 clause 6 in force at 5.3.2004, see reg. 1
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