Schedules

Schedule 21Petroleum licences: amendments to model clauses

Part 4Petroleum Licensing (Production) (Seaward Areas) Regulations 2008

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1

Clause 42 (power of partial revocation) is amended as follows.

2

For paragraph (1) substitute—

1

This clause applies in a case where two or more persons are the Licensee and—

a

an event mentioned in clause 41(2)(c), (d), (e), (f) or (h) occurs in relation to one of those persons;

b

an event mentioned in clause 41(2)(b) occurs which consists of a breach of clause 40A(2) or (4) in relation to a change in control of one of those persons;

c

an event mentioned in clause 41(2)(k) occurs in relation to a change in control of one of those persons (see clause 40A); or

d

an event mentioned in clause 41(2)(l) occurs which consists of a failure by one of those persons as mentioned in that provision.

3

In paragraph (2), for “or (b)” substitute “, (b), (c) or (d)”.