Quarterly reports

(1) Every contractor shall submit to the Inspector, on or before the 30th day of January, April, July and October, a report in respect of the preceding quarter containing or showing– (a) a description of the results of all petroleum operations carried out by the contractor; 26 Petroleum (b) in the case of exploration operations, a summary of all geological and geophysical work carried out by the contractor, including a summary of all drilling activities; (c) a list of maps, reports and other geological and geophysical data prepared by, or on behalf of, the contractor in respect of the period concerned; (d) in the case development and production operations, the gross volume and quality of all petroleum produced, saved, sold or otherwise disposed of from his contract area, the consideration accrued or received the quantity disposed of and identity of the person to whom such quantity was disposed, and the balance of stocks on hand at the end of the period concerned; (e) the average number of persons employed in Belize, in terms of nationals of Belize and expatriate personnel, in connection with the petroleum operations carried out; (f) the sums disbursed in Belize in respect of wages, overtime, allowances or other emoluments or benefits; (g) the sums disbursed in Belize and externally, for the purchase of fuels, stores, foodstuffs or other materials, equipment or, services; (h) the total operating and capital expenditures incurred, both in Belize and externally, in respect of the petroleum operations carried out, determined in accordance with his contract; and 27 Petroleum (i) any other relevant information which may be required by his contract or which the Minister may reasonably require. (2) With respect to paragraphs (f), (g) and (h) of subregulation (1) above, when the precise amount is not ascertainable by the date upon which the report is due, figures which are the best possible approximation shall be given.