# The Petroleum Licensing (Production) (Seaward Areas) Regulations 2008, Paragraph 12: Payment of consideration for Licence

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

(1) The Licensee shall make to the OGA as consideration for the grant of this Licence payments in accordance with Schedule 2 to this Licence.
(2) The Licensee shall not by reason of determination of this Licence or surrender of any part of the Licensed Area be entitled to be repaid or allowed any sum payable to the OGA pursuant to this licence before the date of determination or surrender.

---
Source: https://www.legislation.gov.uk/uksi/2008/225/schedule/paragraph/12 (the official version)
Page: https://openlegislation.uk/petroleum-licensing-production-seaward-areas-regulations-2008/schedule/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.