# The Petroleum (Current Model Clauses) Order 1999, Paragraph 6: Right of the Licensee to determine extended term or surrender part of the licensed area

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

(1) Without prejudice to any obligation or liability imposed by or incurred under the terms hereof the Licensee may at any time during such term of forty years by giving to the Minister not less than six months' notice in writing to that effect to expire on the anniversary of the date upon which the said term of forty years shall have commenced, determine this licence or surrender any part of the licensed area being a part which complies with clause 7 hereof.
(2) A notice given pursuant to paragraph (1) of this clause may be cancelled by a further notice in writing given to the Minister not less than one month before the expiration of the notice.

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Source: https://www.legislation.gov.uk/uksi/1999/160/schedule/2/part/II/paragraph/6 (the official version)
Page: https://openlegislation.uk/petroleum-current-model-clauses-order-1999/schedule-2/part-II/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.