Petroleum register

(1) The Inspector shall cause to be maintained a register which shall contain the following information, (a) in respect of each contract entered into, the names of all persons with whom the contract is made, the names of any assignee of any rights under such contract and a brief description of the duration of the exploration period, and of the contract area for such (b) the contractor’s office address in Belize and the name of its resident representative along with a copy of the powers of attorney 10 establishing such representative’s authority to act on behalf of the contractor; (c) instruments evidencing the revocation or expiration of contract; (d) a map of Belize illustrating those areas currently under contract and those which remain available for award in accordance with this Act; (e) instruments evidencing, (i) the nature and extent of any areas relinquished or surrendered by a (ii) the establishment of a commercial discovery of petroleum, the date of declaration thereof, the delimitation of the areas involved and the duration of the development and production period; and (iii) the grant of extensions to the exploration period pursuant to the terms of the contract; and (f) such other information as the Inspector may determine. (2) Registration shall not cure any defect in any document registered or confer upon it any effect or validity which it would not otherwise have had.