Part 2 Petroleum (Current Model Clauses) Order 1999
Energy Act 2023 (2023 c 52) | Legislation

Part 2 Petroleum (Current Model Clauses) Order 1999

Introduction

5

The Petroleum (Current Model Clauses) Order 1999 (SI 1999/160) is amended in accordance with this Part of this Schedule.

Part 2 of Schedule 2

6

Part 2 of Schedule 2 (current model clauses for controlled waters or seaward production licences deriving from Schedule 2 to the 1964 Regulations and Schedule 4 to the 1966 Regulations) is amended in accordance with paragraphs 7 to 9.

7

After clause 38 insert—

“Change in control of Licensee

38A

(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 company is contemplated, the company

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