Paragraph 8 Option to continue the Licence into a Third TermI1

United Kingdom

(1)

At any time not later than three months before the expiry of the Second Term F1, or such shorter notice period as the OGA may in its discretion permit, the Licensee may, subject to payment of those sums specified in Schedule 2 and to performance of the terms and conditions herein contained, give notice in writing to the F2OGA that he desires this licence to continue as to a part of the Licensed Area (“the Producing Part”).

(2)

Such notice shall describe the Producing Part, which shall be an area that comprises no Section that is not wholly or in part the subject of a consent, approval or programme described in paragraph (3) of this clause.

(3)

If such notice is given this licence shall continue in force after the expiry of the Second Term as provided by the following paragraphs of this clause in the event that before such expiry—

(a)

the F3OGA has given a consent in pursuance of clause 17(1) of this licence and such consent is still in force upon expiry of the Second Term; or

(b)

the F4OGA has in pursuance of clause 17(4) of this licence approved a programme submitted to F5it in pursuance of clause 17(2) and such approval is still in force upon expiry of the Second Term; or

(c)

the F6OGA has served a programme on the Licensee in pursuance of clause 17(6) of this licence and such programme is still in force upon expiry of the Second Term.

(4)

Where this licence continues in force by virtue of this clause it shall, subject to the provisions of clause 3 of this licence, so continue during the Third Term.

Annotations

Textual amendments

F1: Words in Sch. clause 8(1) inserted (15.9.2017) by The Petroleum and Offshore Gas Storage and Unloading Licensing (Amendment) Regulations 2017 (S.I. 2017/855), regs. 1, 2(12) (with reg. 2(17))
F2: Word in Sch. clause 8(1) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 13(10)(a)
F3: Word in Sch. clause 8(3)(a) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 13(10)(b)
F4: Word in Sch. clause 8(3)(b) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 13(10)(c)(i)
F5: Word in Sch. clause 8(3)(b) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 13(10)(c)(ii)
F6: Word in Sch. clause 8(3)(c) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 13(10)(d)

Commencement

I1: Sch. clause 8 in force at 6.4.2008, see reg. 1(1)