E1F1PART 1AMaximising economic recovery of UK petroleum
Pt. 1A inserted (12.4.2015) by Infrastructure Act 2015 (c. 7), ss. 41, 57(7)(c); S.I. 2015/481, reg. 3(b)
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.
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)