F1PART 1AMaximising economic recovery of UK petroleum

9AThe principal objective and the strategy

(1)

In this Part the “principal objective” is the objective of maximising the economic recovery of UK petroleum, in particular through—

(a)

development, construction, deployment and use of equipment used in the petroleum industry (including upstream petroleum infrastructure), and

(b)

collaboration among the following persons—

(i)

holders of petroleum licences;

(ii)

operators under petroleum licences;

(iii)

owners of upstream petroleum infrastructure;

(iv)

persons planning and carrying out the commissioning of upstream petroleum infrastructure.

F2(v)

owners of relevant offshore installations.

(2)

The F3OGA must produce one or more strategies for enabling the principal objective to be met.

(3)

A strategy may relate to matters other than those mentioned in subsection (1)(a) and (b).

(4)

For provision about producing and revising a strategy, see sections 9F and 9G.