# The Offshore Exploration (Petroleum, and Gas Storage and Unloading) (Model Clauses) Regulations 2009, Paragraph 7: Payment of consideration for licence

Extent: E+W+S+N.I.

(1) The Licensee shall pay to the OGA during the term of this licence, and in accordance with paragraph (2), consideration for the grant of the rights mentioned in clause 2(1).
(2) That consideration is to be paid—
(a) in the amounts specified in Schedule 3; and
(b) at the times and in the manner so specified.
(3) The Licensee shall not by reason of determination of this licence or of any reduction in the Exploration Area be entitled to be repaid or allowed any part of any sum payable to the OGA pursuant to this licence.

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Source: https://www.legislation.gov.uk/uksi/2009/2814/schedule/paragraph/7 (the official version)
Page: https://openlegislation.uk/offshore-exploration-petroleum-and-gas-storage-and-unloading-model-clauses-regulations-2009/schedule/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.