Schedule 2 Model clauses for petroleum exploration and development licences

United Kingdom

1. 1Interpretation
2. 2Right to search and bore for and get Petroleum
3. 3Term of Licence
4. 4Determination of Licence during Initial Term where a Drill-or-Drop Period is specified
5. 5Option to continue Licence as to part of the Licensed Area
6. 6Extension of the Initial or Second Term
7. 7Continuance of Licence after the Second Term (5)
8. 8Power further to extend term of Licence
9. 9Right of Licensee to determine Licence or surrender part of Licensed Area
10. 10Consequences of determination or surrender by Licensee
11. 11Provision of contact details to OGA
12. 12Payment of consideration for Licence
13. 13Measurement of Petroleum obtained from the Licensed Area
14. 14Keeping of accounts
15. 15Working obligations
16. 16Retention Areas
17. 17Development and production programmes
18. 18Provisions supplementary to clause 17
19. 19Development areas
20. 20Commencement and abandonment and plugging of Wells
21. 21Distance of Wells from boundaries of Licensed Area
22. 22Control of Development Wells
23. 22AProhibition on hydraulic fracturing in Protected Areas in England and Wales
24. 23Provision of storage tanks, pipes, pipelines or other receptacles
25. 24Avoidance of harmful methods of working
26. 25Appointment of operators
27. 26Fishing and navigation
28. 27Training
29. 28Unit development
30. 29Licensee to keep records
31. 30Returns
32. 31Licensee to keep samples
33. 32Reports to be treated as confidential
34. 33Inspection of records, etc
35. 34Rights of access
36. 35Power to execute works
37. 36Right of distress
38. 37Diligence
39. 38Indemnity against third party claims
40. 39Advertisements, prospectuses, etc
41. 40Restrictions on assignment, etc
42. 40AChange in control of Licensee
43. 41Power of revocation
44. 42Power of partial revocation
45. 43Power of partial revocation in respect of parts of the Licensed Area which are not Retention Areas or Development Areas
46. 44Arbitration