Introductory Text
1.Citation, commencement and interpretation
2.Model clauses
Signature
SCHEDULE
MODEL CLAUSES FOR SEAWARD AREA PRODUCTION LICENCES
1.Interpretation, etc.
2.Grant of Licence
3.Term of Licence
4.Initial Term
5.Surrender during Initial Term (“Frontier” licences)
6.Option to continue licence into a Second Term
7.Extension of the Initial or Second Term
8.Option to continue the Licence into a Third Term
9.Power further to extend term of Licence
10.Right of Licensee to determine Licence or surrender part of Licensed Area
11.Areas surrendered
12.Payment of consideration for Licence
13.Provision of contact details to Minister
14.Measurement of Petroleum obtained from the Licensed Area
15.Keeping of accounts
16.Working obligations
17.Development and production programmes
18.Provisions supplementary to clause 17
19.Commencement and abandonment and plugging of Wells
20.Distance of Wells from boundaries of Licensed Area
21.Control of Development Wells
22.Provision of storage tanks, pipes, pipelines or other receptacles
23.Avoidance of harmful methods of working
24.Appointment of operators
25.Fishing and navigation
26.Training
27.Unit development
28.Directions as to Oil Fields across boundaries
29.Licensee to keep records
30.Returns
31.Licensee to keep samples
32.Reports to be treated as confidential
33.Inspection of records etc.
34.Rights of access
35.Power to execute works
36.Right of distress
37.Diligence
38.Indemnity against third party claims
39.Advertisements, prospectuses etc.
40.Restrictions on assignment, etc.
41.Power of revocation
42.Power of partial revocation
43.Arbitration
44.Ministry of Defence
45.Relationship with fishing industry
Explanatory Note