Paragraph 5 Right of Licensee to determine licence

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)

Without prejudice to any obligation or liability imposed by or incurred under the terms and conditions hereof the Licensee may at any time determine this licence by giving to the Minister not less than six months' previous notice in writing to that effect.