41 Maximising economic recovery of UK petroleum
Infrastructure Act 2015 (2015 c 7) | Legislation

Recovery of UK petroleum

41  Maximising economic recovery of UK petroleum

After section 9 of the Petroleum Act 1998 insert—

“Part 1A
Maximising Economic Recovery Of UK Petroleum
9A The 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.

(2)     The Secretary of State 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.

9B Exercise of certain functions of the Secretary of State

The Secretary of State must act in accordance with the current strategy or strategies when—

(a)     exercising functions under the other Parts of this Act (except Part 4),

(b)     exercising

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