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

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

This licence unless sooner determined under or consequent upon any of the provisions hereof shall be and continue in force for the term of five years next after … 19 … (hereinafter called “the initial term”) but if the terms and conditions hereof are duly performed and observed, it may be extended for a further period or periods under clause 4.

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Source: https://www.legislation.gov.uk/uksi/1999/160/schedule/13/paragraph/3 (the official version)
Page: https://openlegislation.uk/petroleum-current-model-clauses-order-1999/schedule-13/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.