The Petroleum Licensing (Exploration and Production) (Seaward and Landward Areas) Regulations 2004 No. 352

SCHEDULE 3 MODEL CLAUSES FOR PRODUCTION LICENCES RELATING TO FRONTIER AREAS—INCLUDING BREAK CLAUSE

Right of Licensee to determine Licence or surrender part of Licensed Area

9.  Without prejudice to any obligation or liability imposed by or incurred under the terms hereof the Licensee may at any time by giving to the Minister not less than one month’s notice in writing to that effect determine this licence or surrender any part of the Licensed Area being a part which complies with clause 10 hereof.