Part II Specific Provisions
Petroleum Act 1998 (1998 c 17) | Legislation

Part II Specific Provisions

Property in petroleum

3

The repeal by this Act of section 1(1) of the Petroleum (Production) Act 1934 does not affect the vesting in Her Majesty of property in petroleum which is so vested immediately before the commencement of this Act.

Existing licences

4

Nothing in section 2 or 3 shall be taken to prejudice any right conferred by any licence granted under section 2 of the Petroleum (Production) Act 1934 which is in force immediately before the commencement of this Act so long as the licence remains in force.

5

(1)     Nothing in this Act affects the validity of the licence granted on 26th March 1923 under the Petroleum (Production) Act 1918 to the Duke of Devonshire relating to an area near Hardstoft in the county of Derbyshire.

(2)     Without prejudice to the generality of paragraph 1(2), that licence shall, if in force immediately before the commencement of this Act, have effect as if granted under this Act.

(3)     So long as that licence remains in force, section 2 shall not apply to petroleum which at the commencement of the Petroleum (Production) Act 1934 might lawfully be got under that licence.

6

(1)

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