# The Petroleum (Production) (Seaward Areas) Regulations 1988, Paragraph 3: Term of Licence


This licence unless sooner determined under any of the provisions hereof shall be and continue in force for the term of six years next after (hereinafter called “the initial term”); but if the terms and conditions of this licence are duly performed and observed and, in particular, if the work programme described in Schedule 4 to this licence has been duly performed, it may be continued for a further term of twelve years as provided by clause 4 of this licence and, if the terms and conditions of this licence continue to be duly performed and observed, thereafter as provided by clause 5 (and subject to the provisions of clause 6) of this licence for a further maximum period of eighteen years.

---
Source: https://www.legislation.gov.uk/uksi/1988/1213/schedule/4/paragraph/3 (the official version)
Page: https://openlegislation.uk/petroleum-production-seaward-areas-regulations-1988/schedule-4/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.