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Section 3 Licences to search and bore for and get petroleum.

United Kingdom

C1C2(1)

The F1 appropriate F2authority, on behalf of Her Majesty, may grant to such persons as F3the appropriate authority thinks fit licences to search and bore for and get petroleum to which this section applies.

(2)

This section applies to—

(a)

petroleum to which section 2 applies; and

(b)

petroleum with respect to which rights vested in Her Majesty by section 1(1) of the M1Continental Shelf Act 1964 (exploration and exploitation of continental shelf) are exercisable.

(3)

Any such licence shall be granted for such consideration (whether by way of royalty or otherwise) as the F4OGA with the consent of the Treasury may determine, and upon such other terms and conditions as the F5appropriate F6authority thinks fit.

(4)

Subsection (1) is subject to paragraph 4 of Schedule 3.

Annotations

Textual amendments

F1

Words in s. 3(1) substituted (9.2.2018) by Scotland Act 2016 (c. 11), ss. 48(3)(a), 72(4)(c); S.I. 2018/163, reg. 2(b)

F2

Word in s. 3(1) substituted (9.2.2018) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(3), 3(2)(a) (with reg. 2); S.I. 2018/163, reg. 2(b)

F3

Words in s. 3(1) substituted (9.2.2018) by Scotland Act 2016 (c. 11), ss. 48(3)(b), 72(4)(c); S.I. 2018/163, reg. 2(b)

F4

Word in s. 3(3) substituted (9.2.2018) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(3), 3(2)(b)(i) (with reg. 2); S.I. 2018/163, reg. 2(b)

F5

Words in s. 3(3) substituted (9.2.2018) by Scotland Act 2016 (c. 11), ss. 48(4), 72(4)(c); S.I. 2018/163, reg. 2(b)

F6

Word in s. 3(3) substituted (9.2.2018) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(3), 3(2)(b)(ii) (with reg. 2); S.I. 2018/163, reg. 2(b)

Marginal citations

M1

1964 c. 29.

Modifications

C1

S. 3(1): transfer of functions (15.2.2000) by S.I. 2000/353, art. 2(a) (with art. 3)

C2

S. 3 modified (temp.) (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 2

Notes on Part I

Modifications

C1

Pt. 1 modified (13.11.2009 for specified purposes) by Energy Act 2008 (c. 32), ss. 15(3), 110(2); S.I. 2009/2809, art. 2 (with art. 4)