Question
Asked by
To ask Her Majesty's Government in which document the Schedule 3 mentioned in clause 7(2)(a) of Schedule to the Offshore Exploration (Petroleum and Gas Storage and Unloading) (Model Clauses) Regulations 2009 (SI 2009/2814) can be found. [HL706]
The instrument sets out the model clauses to be incorporated into the non-exclusive licences that allow exploration of the UK's offshore area, whether for native hydrocarbons or for opportunities for gas storage. Besides incorporating those clauses, any such licence will also have a schedule that specifies the annual rental payment, and the model clause that the noble Lord asks about is referring to that schedule. The instrument does not include licence schedules but I can inform the noble Lord that the rate will be £2,000 p.a.