Schedule 5 MODEL CLAUSES FOR EXPLORATION LICENCES IN SEAWARD AREAS OR IN LANDWARD AREAS BELOW THE LOW WATER LINE
Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:
- 1Interpretation
- 2Right to search for petroleum
- 3Prospecting methods
- 4Term of licence
- 5Right of Licensee to determine licence
- 6Payment of consideration for licence
- 7Commencement, abandonment and plugging of wells
- 8Distance of wells from boundaries of exploration area
- 9Avoidance of harmful methods of working
- 10Fishing and navigation
- 11Safety, health and welfare of employees
- 12Licensee to keep records
- 13Returns
- 14Licensee to keep samples
- 15Reports to be treated as confidential
- 16Power to inspect records
- 17Rights of access
- 18Power to execute works
- 19Indemnity against third party claims
- 20Agreement not to assign
- 21Power of revocation
- 22Arbitration