The Petroleum (Current Model Clauses) Order 1999 No. 160

SCHEDULE 6 U.K. CURRENT MODEL CLAUSES FOR SEAWARD PRODUCTION LICENCES DERIVING FROM SCHEDULE 5 TO THE PETROLEUM (PRODUCTION) REGULATIONS 1982 AS IT FROM TIME TO TIME HAD EFFECT

PART II U.K.

Payment of consideration for licence U.K.

7.—(1) The Licensee shall make to the Minister as consideration for the grant of this licence—

(a) payments of royalty in accordance with clauses 8 and 9 of this licence;

(b) deliveries of petroleum in accordance with clause 10 of this licence; and

(c) payments in accordance with Schedule 2 to this licence.

(2) The Licensee shall not by reason of the determination of the licence or the surrender of any part of the licensed area be entitled to be repaid or allowed any sum payable to the Minister pursuant to this licence before the date of the determination or surrender.

Commencement Information

I1 Sch. 6 clause 7 in force at 15.2.1999, see art. 1