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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:

  1. 1Interpretation
  2. 2Right to search for petroleum
  3. 3Prospecting methods
  4. 4Term of licence
  5. 5Right of Licensee to determine licence
  6. 6Payment of consideration for licence
  7. 7Commencement, abandonment and plugging of wells
  8. 8Distance of wells from boundaries of exploration area
  9. 9Avoidance of harmful methods of working
  10. 10Fishing and navigation
  11. 11Safety, health and welfare of employees
  12. 12Licensee to keep records
  13. 13Returns
  14. 14Licensee to keep samples
  15. 15Reports to be treated as confidential
  16. 16Power to inspect records
  17. 17Rights of access
  18. 18Power to execute works
  19. 19Indemnity against third party claims
  20. 20Agreement not to assign
  21. 21Power of revocation
  22. 22Arbitration