Skip to main content

Oil Field Development (Compensation)

Volume 990: debated on Monday 4 August 1980

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Secretary of State for Energy if, pursuant to powers exercised under model clauses 15 and 16 (Seaward Areas) of the Petroleum (Production) Regulations 1976/1129, he for any reason defers development of a field where a commercial oil discovery has been made, what compensation is payable to the licensees affected; and how it is calculated.

The Petroleum (Production) Regulations 1976 No. 1129 contain no provision for payment of compensation if development of a field is deferred pursuant to the powers contained in model clauses 15 and 16.