Petroleum Licensing (Production) (Seaward Areas) Regulations 2008

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The Petroleum Licensing (Production) (Seaward Areas) Regulations 2008 (SI 2008/225) are a group of regulations passed for the Petroleum Act 1998 that set out model clauses of a petroleum licence agreement, as amended by SI 2009/3283. These are necessary for companies drilling for oil in the United Kingdom.

Petroleum Act 1998 United Kingdom legislation

The Petroleum Act 1998 is an Act of the Parliament of the United Kingdom.

Oil and gas industry in the United Kingdom

The oil and gas industry in the United Kingdom produced 1.42 million BOE per day in 2014, of which 59% was oil/liquids. In 2013 the UK consumed 1.508 million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, so is now an importer of hydrocarbons having been a significant exporter in the 1980s and 1990s.

Contents

Contents

In Schedule 1 of the Regulations, the model clauses are as follows.

See also

Notes

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