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SCHEDULES

SCHEDULE 3 U.K.New model clauses for existing licences in the Scottish onshore area

Payment of consideration for Licence U.K.

2.—(1) The Licensee must make to the OGA, as consideration for the grant of this licence, payments in accordance with the Schedule setting out the consideration payable under the licence.

(2) The Licensee may not by reason of the determination of this licence or the surrender of any part of the Licensed Area be entitled to be repaid or allowed any sum payable to the OGA pursuant to this licence before the date of such determination or surrender.