Part 1 Petroleum (Production) (Landward Areas) Regulations 1995
Energy Act 2023 (2023 c 52) | Legislation

SCHEDULE 21 Petroleum Licences: Amendments to Model Clauses

Section 300

Part 1 Petroleum (Production) (Landward Areas) Regulations 1995

1

In the Petroleum (Production) (Landward Areas) Regulations 1995 (SI 1995/1436), Schedule 3 (model clauses for petroleum exploration and development licences in landward areas) is amended as follows.

2

After clause 37 insert—

“37A Change in control of Licensee

(1)     This clause applies if—

(a)     the Licensee is a company, or

(b)     where two or more persons are the Licensee, any of those persons is a company,

and references in this clause to a company are to such a company.

(2)     A change in control of a company is not permitted without the consent of the Oil and Gas Authority (“the OGAâ€).

(3)     There is a “change in control†of a company if a person takes control of the company, not having previously been a person who controlled the company.

(4)     If a change in control of a

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