Schedule 6 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. 4Option to continue Licence as to part of the Licensed Area
5. 5Continuance of Licence after the Second Term
6. 6Power further to extend term of Licence
7. 7Right of Licensee to determine Licence or surrender part of Licensed Area
8. 8Consequences of determination or surrender by Licensee
9. 8AProvision of contact details to Minister
10. 9Payment of consideration for Licence
11. 10Measurement of Petroleum obtained from the Licensed Area
12. 11Keeping of accounts
13. 12Working obligations
14. 13Development and production programmes
15. 14Provisions supplementary to clause 13
16. 15Commencement and abandonment and plugging of Wells
17. 16Distance of Wells from boundaries of Licensed Area
18. 17Control of Development Wells
19. 18Provision of storage tanks, pipes, pipelines or other receptacles
20. 19Avoidance of harmful methods of working
21. 20Appointment of operators
22. 21Fishing and navigation
23. 22Training
24. 23Unit development
25. 24Licensee to keep records
26. 25Returns
27. 26Licensee to keep samples
28. 27Reports to be treated as confidential
29. 28Inspection of records, etc.
30. 29Rights of access
31. 30Power to execute works
32. 31Right of distress
33. 32Diligence
34. 33Indemnity against third party claims
35. 34Advertisements, prospectuses, etc.
36. 35Restrictions on assignment, etc.
37. 35AChange in control of Licensee
38. 36Power of revocation
39. 36APower of partial revocation
40. 37Arbitration