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The Petroleum Licensing (Production) (Seaward Areas) Regulations 2008

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This is the original version (as it was originally made).

Option to continue the Licence into a Third Term

This section has no associated Explanatory Memorandum

8.—(1) At any time not later than three months before the expiry of the Second Term the Licensee may, subject to payment of those sums specified in Schedule 2 and to performance of the terms and conditions herein contained, give notice in writing to the Minister that he desires this licence to continue as to a part of the Licensed Area (“the Producing Part”).

(2) Such notice shall describe the Producing Part, which shall be an area that comprises no Section that is not wholly or in part the subject of a consent, approval or programme described in paragraph (3) of this clause.

(3) If such notice is given this licence shall continue in force after the expiry of the Second Term as provided by the following paragraphs of this clause in the event that before such expiry—

(a)the Minister has given a consent in pursuance of clause 17(1) of this licence and such consent is still in force upon expiry of the Second Term; or

(b)the Minister has in pursuance of clause 17(4) of this licence approved a programme submitted to him in pursuance of clause 17(2) and such approval is still in force upon expiry of the Second Term; or

(c)the Minister has served a programme on the Licensee in pursuance of clause 17(6) of this licence and such programme is still in force upon expiry of the Second Term.

(4) Where this licence continues in force by virtue of this clause it shall, subject to the provisions of clause 3 of this licence, so continue during the Third Term.

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