Grant of LicenceU.K.
2.—(1) In consideration of the payments provided for in clause 7 and the performance and observance by the Licensee of all the terms and conditions contained in this licence, the Minister, in exercise of the powers conferred by section 3 of the Petroleum Act 1998, hereby grants to the Licensee licence and liberty in common with all other persons to whom the like right may have been granted or may hereafter be granted, during the continuance of this licence and subject to its provisions, to search for Petroleum in the landward areas in respect of which a licence may be granted under that section 3.
(2) However, the rights conferred by this licence shall not be exercisable at any place in respect of which a licence (not being a methane drainage licence) entitling the holder to search and bore for and get Petroleum is for the time being in force, except with the agreement of the holder of that licence.
Commencement Information
I1Sch. 3 clause 2 in force at 17.7.2014, see reg. 1(1)