Schedule MODEL CLAUSES FOR EXPLORATION LICENCES

United Kingdom

1. 1Interpretation etc.
2. 2Grant of Licence
3. 3Prospecting methods
4. 4Term of licence
5. 5Right of Licensee to terminate licence
6. 6Provision of contact details to OGA
7. 7Payment of consideration for licence
8. 8Commencement, abandonment and plugging of Wells
9. 9Avoidance of harmful methods of working
10. 10Fishing and navigation
11. 11Licensee to keep records
12. 12Returns
13. 13Licensee to keep samples
14. 14Reports to be treated as confidential
15. 15Inspection of records etc
16. 16Rights of access
17. 17Power to execute works
18. 18Indemnity against third-party claims
19. 19No transfer, assignment or sub-licence
20. 20Power of revocation
21. 21Power of partial revocation
22. 22Arbitration
23. 23Ministry of Defence
24. 24Relationship with fishing industry