# The Petroleum Licensing (Production) (Seaward Areas) Regulations 2008, Paragraph 7: Extension of the Initial or Second Term

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

(1) This clause applies to an extension to be made to Phase A or, as the case may be, to Phase B or Phase C of the Initial Term or to the Second Term (“the relevant phase or term”).
(2) At any time not later than three months before expiry of the relevant phase or term, or such shorter notice period as the OGA may in its discretion permit, the Licensee may, subject to payment of the sums specified in Schedule 2 and to performance of the terms and conditions herein contained, give notice in writing to the OGA that the Licensee desires that phase or term to be extended for a further period.
(3) Where such notice is given, the OGA may in its discretion direct in writing that the relevant phase or term be extended; and paragraph (2) of this clause shall apply to that phase or term as extended.
(4) Any extension shall be for a period, and subject to such conditions, as the OGA may determine.
(5) Where Phase C of the Initial Term or where the Second Term is extended, clause 3 shall apply in respect of the Initial Term or Second Term as extended.
(6) Where Phase A or Phase B of the Initial Term is extended by a period, the subsequent phase of the Initial Term shall (without prejudice to paragraph (2)) be reduced by the same amount.
(7) Where Phase C of the Initial Term is extended by a period, the Second Term shall (without prejudice to paragraph (2)) be reduced by the same amount.
(8) Where the Second Term is extended by a period, the Third Term shall be reduced by the same amount.

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Source: https://www.legislation.gov.uk/uksi/2008/225/schedule/paragraph/7 (the official version)
Page: https://openlegislation.uk/petroleum-licensing-production-seaward-areas-regulations-2008/schedule/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.