E1F1PART 1AMaximising economic recovery of UK petroleum

Annotations:
Extent Information
E1

Pt. 1A extended (N.I.) (1.10.2016) by Energy Act 2016 (c. 20), ss. 74(1), 84(3); S.I. 2016/920, reg. 2(c)

Amendments (Textual)

9AE1The principal objective and the strategy

1

In this Part the “principal objective” is the objective of maximising the economic recovery of UK petroleum, in particular through—

a

development, construction, deployment and use of equipment used in the petroleum industry (including upstream petroleum infrastructure), and

b

collaboration among the following persons—

i

holders of petroleum licences;

ii

operators under petroleum licences;

iii

owners of upstream petroleum infrastructure;

iv

persons planning and carrying out the commissioning of upstream petroleum infrastructure.

F2v

owners of relevant offshore installations.

2

The F3OGA must produce one or more strategies for enabling the principal objective to be met.

3

A strategy may relate to matters other than those mentioned in subsection (1)(a) and (b).

4

For provision about producing and revising a strategy, see sections 9F and 9G.