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Schedules

Schedule 21U.K.Petroleum licences: amendments to model clauses

Part 5U.K.Petroleum Licensing (Exploration and Production) (Landward Areas) Regulations 2014

70(1)Clause 42 (power of partial revocation) is amended as follows.U.K.

(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)”.

Commencement Information

I1Sch. 21 para. 70 not in force at Royal Assent, see s. 334(1)

I2Sch. 21 para. 70 in force at 11.1.2024 by S.I. 2024/32, reg. 2(d)(iii)