{
  "url": "https://openlegislation.uk/hydrocarbons-temporary-management-scheme-regulations-2013/regulation-15",
  "json_url": "https://openlegislation.uk/hydrocarbons-temporary-management-scheme-regulations-2013/regulation-15.json",
  "legislation": "uksi/2013/1329",
  "legislation_title": "The Hydrocarbons (Temporary Management Scheme) Regulations 2013",
  "legislation_url": "https://openlegislation.uk/hydrocarbons-temporary-management-scheme-regulations-2013",
  "path": "regulation/15",
  "kind": "regulation",
  "number": "15",
  "heading": "Power to exercise rights in managed contracts and discharge of liabilities",
  "text": "(1) The Secretary of State may—\n(a) in accordance with regulation 23, direct that a hydrocarbons contract is a managed contract for the rights period; and\n(b) exercise the rights of a restricted person comprised in a managed contract during the rights period.\n(2) Paragraph (3) applies where a liability (“a relevant liability”) of a restricted person under a managed contract—\n(a) arises during the rights period; and\n(b) is required by the contract to be discharged during the rights period.\n(3) Where this paragraph applies, the relevant liability must be discharged by the Secretary of State, to the extent it is practicable for the Secretary of State to do so.\n(4) For the purposes of paragraph (3)—\n(a) where the payment of moneys to any person is a relevant liability, it is only practicable for the Secretary of State to pay those moneys where sufficient moneys are available to do so in a temporary management account; and\n(b) no liability is to be discharged which requires the Secretary of State to breach the Sanctions Regulation.\n(5) The Secretary of State may discharge the liability of a restricted person under a managed contract where that liability arose before the commencement of the rights period.\n(6) Subject to regulation 16, the Secretary of State may amend a managed contract by agreement with the parties to it (except the restricted person).\n(7) Paragraph (8) applies where a joint operating agreement—\n(a) is a managed contract; and\n(b) the operator appointed under the agreement is the agent of the restricted person in respect of the matters set out in that agreement (“the agency matters”).\n(8) Where this paragraph applies, during the rights period applicable to the agreement, the operator is—\n(a) the agent of the Secretary of State in respect of the agency matters, unless and to the extent the Secretary of State agrees otherwise with the operator; and\n(b) not the agent of the restricted person.\n(9) In paragraph (7), “joint operating agreement” means an agreement between joint licensees of a licence which provides for the commercial basis of the licensees’ joint venture and may include the appointment of a person as the operator who is responsible for the day-to-day affairs of the joint venture.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2013/1329/regulation/15",
    "retrieved_at": "2026-10-29T00:52:38.703178+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}