Schedules

Schedule 21Petroleum licences: amendments to model clauses

Part 3Petroleum Licensing (Exploration and Production) (Seaward and Landward Areas) Regulations 2004

I1I250Schedule 2

1

Clause 38A (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 38(2)(c), (d), (e), (ee) or (g) occurs in relation to one of those persons;

b

an event mentioned in clause 38(2)(b) occurs which consists of a breach of clause 37A(2) or (4) in relation to a change in control of one of those persons;

c

an event mentioned in clause 38(2)(j) occurs in relation to a change in control of one of those persons (see clause 37A); or

d

an event mentioned in clause 38(2)(k) 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)”.