§ Mr. David Youngasked the Secretary of State for Energy what will be the proportion of profit that will accrue to the Exchequer from any petroleum found as a result of the exploration licences given by him in respect of the Greater Manchester area; and how much will accrue to the company concerned.
§ Mr. GrayUnder the terms and conditions of onshore petroleum exploration licences the licensees rights are restricted to searching for petroleum by means of survey work and shallow drilling; these rights do not extend to the production of petroleum.
§ Mr. David Youngasked the Secretary of State for Energy if, in respect of the licences granted by the Department of Energy in Greater Manchester for petroleum exploration, he will publish in the Official Report detailed information on all the conditions attached to those licences in respect of the parliamentary constituency of Bolton, East.
§ Mr. GrayModel clauses specifying the terms and conditions to be incorporated in onshore petroleum exploration licences are set out in schedule 6 to the Petroleum (Production) Regulations 1976. Copies of these regulations are available in the Library of the House.