Section 18 Future licences.

The model clauses mentioned in Schedule 2 to this Act (clauses prescribed for incorporation in certain licences granted under section 2 of the Petroleum (Production) Act 1934) shall have effect with the amendments provided for by that Schedule.

The model clauses amended by this section may be varied, revoked, modified or excluded as if the amendments had been made by regulations under section 6 of the Petroleum (Production) Act 1934.