Petroleum Act 1998

摘要

The Petroleum Act 1998 consolidated legislation on oil and gas exploration and production in the UK Continental Shelf. It vests ownership of petroleum in the Crown and establishes the licensing regime administered by the North Sea Transition Authority (formerly Oil and Gas Authority). It also provides for decommissioning obligations.

要点

• Vests all petroleum in strata in the Crown (s.2)
• Secretary of State may grant exploration and production licences (s.3)
• Model clauses incorporated into licences (schedule terms)
• Establishes decommissioning obligations on licensees and owners (Part IV)
• Section 29 notices require decommissioning programmes
• Joint and several liability for decommissioning costs

章节

修正历史