# The Petroleum (Current Model Clauses) Order 1999, Paragraph 3: Term of licence

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

This licence unless sooner determined under any of the provisions hereof shall be and continue in force for the term of three years next after … 19…, (hereinafter called “the initial term”); but if the terms and conditions of this licence are duly performed and observed and, in particular, if the work programme described in Schedule 4 to this licence has been duly performed and the Licensee has submitted a programme for further exploration in accordance with clause 3A(1) of this licence, it may be continued for a further term of six years (hereinafter called the “second term”); and if the terms and conditions of this licence continue to be duly performed and observed and, in particular, if a programme for further exploration in the second term served or approved by the Minister or determined in consequence of a reference to arbitration in accordance with clause 3A(4) has been duly performed, it may be continued for a further term of fifteen years as provided by clause 4 of this licence; and, if the terms and conditions of this licence continue to be duly performed and observed, thereafter as provided by clause 5 (and subject to the provisions of clause 6) of this licence for a further maximum period of twenty-four years.

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Source: https://www.legislation.gov.uk/uksi/1999/160/schedule/10/part/II/paragraph/3 (the official version)
Page: https://openlegislation.uk/petroleum-current-model-clauses-order-1999/schedule-10/part-II/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.