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

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

(1) This licence unless sooner determined under any of the provisions hereof shall be and continue in force for the term of four years next after … (hereinafter called “the initial term”); but if the terms and conditions hereof are duly performed and observed and, in particular, if the work programme described in Part I of Schedule 4 to this licence has been duly performed it may be continued for a further term of three years as hereinafter provided.
(2) If the terms and conditions of this licence are duly performed and observed and, in particular, if the work programme described in Part II of Schedule 4 to this licence has been duly performed, this licence may be continued for a further term of thirty years in respect of part of the licensed area as hereinafter provided.

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Source: https://www.legislation.gov.uk/uksi/1999/160/schedule/5/part/II/paragraph/3 (the official version)
Page: https://openlegislation.uk/petroleum-current-model-clauses-order-1999/schedule-5/part-II/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.