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Schedule 5 MODEL CLAUSES FOR APPRAISAL LICENCES IN LANDWARD AREAS

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • Sch. 5 incorporated in part (with modifications) (temp.) by Petroleum Act 1998 s. 5 Sch. 1 para. 25-27
  1. 1Interpretation
  2. 2Right to search and bore for petroleum and get petroleum in the course of appraisal
  3. 3Term of licence
  4. 4Extension or further extension of term
  5. 5Right of Licensee to determine licence or surrender part of licensed area
  6. 6Consequences of determination or surrender by Licensee
  7. 7Payment of consideration for licence
  8. 8Royalty payments
  9. 9Provisions supplementary to clause 8
  10. 10Measurement of petroleum obtained from the licensed area
  11. 11Keeping of accounts
  12. 12Working obligations
  13. 13Appraisal production
  14. 14Commencement and abandonment and plugging of wells
  15. 15Distance of wells from boundaries of licensed area
  16. 16Further controls on wells
  17. 17Provision of storage tanks, pipes, pipelines or other receptacles
  18. 18Avoidance of harmful methods of working
  19. 19Appointment of Operators
  20. 20Fishing and navigation
  21. 21Training
  22. 22Licensee to keep records
  23. 23Returns
  24. 24Licensee to keep samples
  25. 25Reports to be treated as confidential
  26. 26Inspection of records etc.
  27. 27Rights of access
  28. 28Power to execute works
  29. 29Right of distress
  30. 29Right of distress
  31. 30Indemnity against third party claims
  32. 31Advertisements, prospectuses etc.
  33. 32Restrictions on assignments etc.
  34. 33Power of revocation
  35. 34Arbitration