Regulation 5 Amendments to the Petroleum Licensing (Applications) Regulations 2015

(1)

The Petroleum Licensing (Applications) Regulations 2015 are amended as follows.

(2)

In regulation 2—

(a)

omit the definition of “promote licence”;

(b)

insert the following definition in the appropriate place—

““multiple phase licence” means a seaward area production licence in which, in accordance with the model clauses or clauses having a similar effect, at least one of Phase A or Phase B (within the meaning given by the model clauses) is specified;”.

(3)

In Schedule 2—

(a)

in paragraph 3, for “promote licence” substitute “multiple phase licence”;

(b)

in paragraph 9(b), after “section 451(4)” insert “and (5)”.

(4)

In Schedule 3, in paragraph 1, for “promote licence” substitute “multiple phase licence”.