Paragraph 2 Right to search for petroleum

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

Sch.5, model clause 12(3) substituted by Petroleum (Production) (Seaward Areas) 1995 reg.9(2)
Sch.5, model clause 13(4) added by Petroleum (Production) (Seaward Areas) 1995 reg.9(3)
Sch.5, model clause 15(iv) substituted by Petroleum (Production) (Seaward Areas) 1995 reg.9(4)
Sch.5, model clause 21(2)(f) substituted by Petroleum (Production) (Seaward Areas) 1995 reg.9(5)
Sch. 5 incorporated in part (with modifications) (temp.) by Petroleum Act 1998 s. 5 Sch. 1 para. 18-24
Schs.4, 5 amended by Offshore Safety Act 1992 s. 3(1)(e)

In consideration of the payments hereinafter provided and the performance and observance by the Licensee of all the terms and conditions hereof, the Minister, in exercise of the powers conferred upon him by the Act of 1934 and the Act of 1964, hereby grants to the Licensee LICENCE AND LIBERTY in common with all other persons to whom the like right may have been granted or may hereafter be granted during the continuance of this licence and subject to the provisions hereof to search for petroleum in the strata in the islands and in the sea bed and subsoil:

(a)

comprised in the seaward areas defined by Regulation 3(1) of the Petroleum (Production) (Seaward Areas) Regulations 1988; and

(b)

where the lines drawn in accordance with Schedule 1 to the said Regulations dividing landward areas from seaward areas are not the low-water line, in the areas between that line and the said dividing lines:

Provided that no rights conferred by this licence shall be exercisable in any area in respect of which a licence (not being a methane drainage licence) is for the time being in force, entitling the grantee thereof to search and bore for and get petroleum, except with the agreement of the holder of that licence to the exercise in any such area of any such rights.