Schedule 3 Model clauses for landward petroleum exploration licences

United Kingdom

1. 1Interpretation etc
2. 2Grant of Licence
3. 3Prospecting methods
4. 4Term of Licence
5. 5Right of Licensee to terminate licence
6. 6Provision of contact details to OGA
7. 7Payment of consideration for licence
8. 8Avoidance of harmful methods of working
9. 9Fishing and navigation
10. 10Licensee to keep records
11. 11Returns
12. 12Reports to be treated as confidential
13. 13Inspection of records etc
14. 14Rights of access
15. 15Power to execute works
16. 16Indemnity against third-party claims
17. 17No transfer, assignment or sub-licence
18. 18Power of revocation
19. 19Power of partial revocation
20. 20Arbitration