# The Petroleum Licensing (Exploration and Production) (Landward Areas) Regulations 2014, Paragraph 17: No transfer, assignment or sub-licence

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

(1) The Licensee and a Third Party may at any time jointly submit to the OGA a written notice that they desire the OGA to transfer the Licence from the Licensee to the Third Party.
(2) Where the OGA receives a notice under paragraph (1) it shall have complete discretion to decide whether or not to effect the transfer being sought.
(3) If the OGA decides to effect the transfer being sought, it may do so by written notice to the Licensee and the Third Party; and in such case the Third Party shall become the Licensee in place of the Licensee and any liabilities or obligations incurred by the Licensee pursuant to the Licensee shall pass to the Third Party.

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Source: https://www.legislation.gov.uk/uksi/2014/1686/schedule/3/paragraph/17 (the official version)
Page: https://openlegislation.uk/petroleum-licensing-exploration-and-production-landward-areas-regulations-2014/schedule-3/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.