Paragraph 7 Continuance of Licence after the Second Term (5)I1

United Kingdom

(1)

At any time not later than three months before the expiry of the Second Term the Licensee may, subject to payment of those sums hereinafter provided for and to performance of the terms and conditions herein contained, give notice in writing to the F1OGA that he desires this licence to continue in force thereafter.

(2)

If such notice is given this licence shall continue in force after the expiry of the Second Term as provided by the following paragraphs of this clause in the event that before such expiry—

(a)

the F2OGA has in pursuance of clause 17(4) of this licence approved a programme submitted to F3it in pursuance of clause 17(2) and such approval is still in force upon expiry of the Second Term;

(b)

the F4OGA has served a programme on the Licensee in pursuance of clause 17(6) of this licence and such programme is still in force upon expiry of the Second Term; or

(c)

the F5OGA has with a view to securing the maximum economic recovery of Petroleum so directed in writing.

(3)

Where this licence continues in force by virtue of this clause it shall, subject to the provisions of clause 3 of this licence, so continue during the Production Period.

(4)

A direction given by the F6OGA in pursuance of sub-paragraph (2)(c) of this clause may be given subject to such conditions as F7it may specify.

Annotations

Textual amendments

F1: Word in Sch. 2 clause 7(1) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 23(9)(a)
F2: Word in Sch. 2 clause 7(2)(a) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 23(9)(b)(i)
F3: Word in Sch. 2 clause 7(2)(a) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 23(9)(b)(ii)
F4: Word in Sch. 2 clause 7(2)(b) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 23(9)(c)
F5: Word in Sch. 2 clause 7(2)(c) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 23(9)(d)
F6: Word in Sch. 2 clause 7(4) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 23(9)(e)(i)
F7: Word in Sch. 2 clause 7(4) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 23(9)(e)(ii)

Commencement

I1: Sch. 2 clause 7 in force at 17.7.2014, see reg. 1(1)