Section 2 Licences to search for and get petroleum.C2C1
United Kingdom
Any such licence shall be granted for such consideration (whether by way of royalty or otherwise) as the Secretary of State with the consent of the Treasury may determine, and upon such other terms and conditions as the Secretary of State thinks fit.
The Secretary of State shall, as soon as may be after granting a licence under this section, publish notice of the fact in the London Gazette stating the name of the licensee and the situation of the area in respect of which the licence has been granted, and, if the said area or any part thereof is in Scotland, the Secretary of State shall also publish the said notice in the Edinburgh Gazette.
Annotations
Textual amendments
- F1
Words substituted by virtue of S.R. & O. 1942/1132 (Rev. XV, p. 99; 1942, p. 217), art. 2(1)(2), Ministry of Fuel and Power Act 1945 (c. 19), s. 1(2), Sch. 1, S.I. 1957/48 (1957 I, p. 1439), 1969/1498, arts. 2(1), 5(6) and 1970/1537, arts. 2(2), 7(4)
- F2
By Oil and Gas (Enterprise) Act 1982 (c. 23, SIF 86), s. 18(2), it is provided that this Act shall have effect, as if words were inserted after “shall”
- F3
By Oil and Gas (Enterprise) Act 1982 (c. 23, SIF 86), s. 18(2), it is provided that this Act shall have effect, and be deemed always to have had effect, as if words were added at the end of subsection (1)
Modifications
- C1
S. 2 amended (E.W.S.) (30.11.1993) by Offshore Safety Act 1992 (c. 15), s. 3(2)(b)(c); S.I. 1993/2406, art. 2(a)
- C2
S. 2 applied by Continental Shelf Act 1964 (c. 29), s. 1(3)
Notes on the whole Act
Textual amendments
- F1
Act repealed (15.2.1999) by 1998 c. 17, ss. 49, 51, Sch. 5 Pt. 1; S.I. 1999/161, art. 2(1)(with savings in Sch. 3 Pt. II paras. 3, 5)