Schedule 3 MODEL CLAUSES FOR PETROLEUM EXPLORATION AND DEVELOPMENT LICENCES IN LANDWARD AREASF1

United Kingdom

1. 1Paragraph 1
2. 2Right to search and bore for and get petroleum
3. 3Term of Licence
4. 4Option to continue licence as to part of the licensed area
5. 5Continuance of licence after the second term
6. 6Power further to extend term of licence
7. 7Right of licensee to determine licence or surrender part of licensed area
8. 8Consequences of determination or surrender by licensee
9. 8AProvision of contact details to Minister
10. 9Payment of consideration for licence
11. 10Royalty payments
12. 11Provisions supplementary to clause 10
13. 12Measurement of petroleum obtained from the licensed area
14. 13Keeping of accounts
15. 14Working obligations
16. 15Development and production programmes
17. 16Provisions supplementary to clause 15
18. 17Commencement and abandonment and plugging of wells
19. 18Distance of wells from boundaries of licensed area
20. 19Control of development wells
21. 20Provision of storage tanks, pipes, pipelines or other receptacles
22. 21Avoidance of harmful methods of working
23. 22Appointment of operators
24. 23Fishing and navigation
25. 24Training
26. 25Unit development
27. 26Licensee to keep records
28. 27Returns
29. 28Licensee to keep samples
30. 29Reports to be treated as confidential
31. 30Inspection of records, etc.
32. 31Rights of access
33. 32Power to execute works
34. 33Right of distress
35. 34Right of distress
36. 35Indemnity against third party claims
37. 36Advertisements, prospectuses, etc.
38. 37Restrictions on assignment, etc.
39. 37AChange in control of Licensee
40. 38Power of revocation
41. 38APower of partial revocation
42. 39Arbitration