Paragraph 1

England, Wales and Scotland

For paragraph (1) of clause 8 of the model clauses set out in Schedule 3 to the M1Petroleum (Production) Regulations 1966 as amended by the M2Petroleum (Production) (Amendment) Regulations 1972 (hereafter in this Part of this Schedule referred to as “the relevant clauses”) there shall be substituted the following paragraph:—

(1)

The Licensee shall make to the Minister as consideration for the grant of this licence—

(a)

payments of royalty in accordance with clauses 8A and 8B of this licence ;

(b)

deliveries of petroleum in accordance with clause 8C of this licence ; and

(c)

payments in accordance with Schedule 2 to this licence.

Annotations

Marginal citations

M1: S.I. 1966/898.
M2: S.I. 1972/1522.

Notes on the whole Act

Textual amendments

F1: Act repealed (15/02/1999) by 1998 c. 17, s. 51, Sch. 5 Pt. I (with Sch. 3 paras. 5(1), 10); S.I. 1999/161, art. 2

Notes on Schedule 3

Modifications

C1: The text of Sch. 3 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, except as specified, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
C2: By S.I. 1976/1129, reg. 3(2), Sch. 2 Pt. II it is provided that the Petroleoum (Production) Regulations 1966 (S.I. 1966/898) cease to have effect in relation to applications for, or model clauses incorporated in, any licence granted after 20.8.1976 to search and bore for, and get, petroleum.