PETROLEUM (PRODUCTION) ACT (NORTHERN IRELAND) 1964 - SECT 2 Licences to search for and get petroleum.

	[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here: BAILII >> Databases >> Northern Irish Legislation >> PETROLEUM (PRODUCTION) ACT (NORTHERN IRELAND) 1964

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

PETROLEUM (PRODUCTION) ACT (NORTHERN IRELAND) 1964 - SECT 2

Licences to search for and get petroleum.

2.(1) The Ministry may grant to such persons as it thinks fit licences to
search and bore for and get petroleum.

(2) Any such licence may be granted for such consideration, [if any,] by way
of royalties calculated in such manner, together with such other payments, if
any, as the Ministry with the consent of the Ministry of Finance may prescribe
and upon such other terms and conditions as the Ministry may specify in the
licence, including conditions requiring the licensee to pay compensation to
persons suffering any damage or injury resulting from or arising out of the
exercise of any right authorised by the licence or of any ancillary right
which the licensee is authorised to exercise by virtue of section 3 and
conditions guaranteeing or securing the payment of such compensation.

(3) Notwithstanding anything in the Interpretation Act (Northern Ireland) 1954
a licence granted before the commencement of this Act by the Ministry under
the Petroleum (Production) Act 1918 (in this Act called the "Act of 1918")
shall not operate as a licence granted under this section but where
the Ministry is satisfied that the licensee named in any such first-mentioned
licence has duly complied with all the terms and conditions thereof,
the Ministry may give reasonable preference to such licensee when granting
licences under this Act in respect of any area for the time being included in
the first-mentioned licence.

(4) Section 5 of the Stormont Regulation and Government Property Act (Northern
Ireland) 1933 shall not apply to licences granted by the Ministry under this
section.

(5) The Ministry shall as soon as may be after granting a licence under this
section publish notice of such grant in the Belfast Gazette specifying the
name of the licensee and the locality of the area in respect of which the
licence was granted.

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/pai1964422/s2.html

Northern Irish Legislation

PETROLEUM (PRODUCTION) ACT (NORTHERN IRELAND) 1964 - SECT 2