LegalizeThe Hydrocarbons (Temporary Management Scheme) Regulations 2013
By section 5 of the Petroleum Act 1998 (“the 1998 Act”), for licences granted under section 2 of the Petroleum (Production) Act 1934 (“the 1934 Act”) which were existing immediately before the 1934 Act was repealed, the model clauses of those licences were modified to incorporate model clauses of equivalent licences granted under section 3 of the 1998 Act. Such licences granted under section 2 of the 1934 Act have effect as if granted under section 3 of the 1998 Act.
OJ No L 88, 24.3.2012, p1.At the date of these Regulations, EU Regulation 267/2012 has been amended by EU Regulation 708/2012 of the Council (OJ No L 208, 3.8.2012, p1, EU Regulation 1067/2012 of the Council (OJ No L 318, 15.11.2012, p34 and EU Regulation 1263/2012 of the Council (OJ No L 356, 22.12.2012, p34), which inserted Article 43a.
Under regulation 15(5), the Secretary of State may discharge a liability of a restricted person under a managed contract where the liability arose before the commencement of the rights period.
Regulation 10(1) provides for the restricted person to indemnify the Secretary of State in respect of any liability which the Secretary of State incurs in exercising management powers.
Part 4 has been amended by sections 36, 72 to 74, 107 and 108 of the Energy Act 2008 (c. 32) and by Schedules 1, 5 and 6 to that Act.
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