Part 4 Petroleum Licensing (Production) (Seaward Areas) Regulations 2008
Energy Act 2023 (2023 c 52) | Legislation

Part 4 Petroleum Licensing (Production) (Seaward Areas) Regulations 2008

63

In the Petroleum Licensing (Production) (Seaward Areas) Regulations 2008 (SI 2008/225), the Schedule (model clauses for seaward area production licences) is amended as follows.

64

After clause 40 insert—

“Change in control of Licensee

40A

(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 OGA.

(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 must apply in writing to

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