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Petroleum Act 1998

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Changes over time for: Section 5A

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[F15ARights transferred without the consent of [F2appropriate [F3authority]]U.K.

(1)This section applies if—

(a)a person is (or two or more persons are) the licensee in respect of a licence under section 2 of the Petroleum (Production) Act 1934 or section 3 above (“the transferor”),

(b)the transferor transfers a right granted by the licence, or derived from a right so granted, to another person (“the transferee”) after commencement in circumstances where the consent of the [F2appropriate [F3authority]] is required for the transfer, and

(c)that consent is not obtained.

(2)The [F2appropriate [F3authority]] may, by notice given to the transferor and the transferee, direct that the right is to revert to the transferor from a date specified in the notice.

(3)The date specified must not be earlier than the date on which the notice is given.

(4)Before giving a notice to a person under subsection (2), the [F2appropriate [F3authority]] must—

(a)notify the person of the proposal to give the notice, and

(b)give the person a reasonable period within which to make written representations.

(5)The [F2appropriate [F3authority]] may not give a notice under subsection (2) after the end of the period of 3 months beginning with the date on which the [F2appropriate [F3authority]] learns of the transfer.

(6)In this section—

  • “commencement” means the time when this section comes into force;

  • “transfer” does not include a transfer by way of security for a loan.]

Textual Amendments

F1Ss. 5A-5C inserted (26.1.2009) by Energy Act 2008 (c. 32), ss. 76, 110(2); S.I. 2009/45, art. 2(c)(i)

F2Words in s. 5A substituted (9.2.2018) by Scotland Act 2016 (c. 11), ss. 48(12), 72(4)(c); S.I. 2018/163, reg. 2(b)

Modifications etc. (not altering text)

C1S. 5A modified (temp.) (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 2

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