Parliament of Barbados
Legislation
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Offshore Petroleum
PART I Preliminary
1
Short title
2
Interpretation
3
Application of Act
4
Administration of Act
5
Vesting of property in petroleum in the Crown
PART II General Licensing Requirements
6
Offence to carry out petroleum operations unless licensed
7
Conditions may be imposed in licences etc.
8
Qualification to apply in response to call for tenders or call for negotiations
9
Register of qualified persons
PART III Reconnaissance
10
Application for, and issue of, reconnaissance licence
11
Prohibition against drilling activities under reconnaissance licence
12
Non-exclusivity of reconnaissance licence
13
Extension of reconnaissance licence
PART IV Exploration
14
Invitation to apply for exploration licence
15
Application for, and issue of, exploration licence
16
Work programme
17
Guarantee in respect of work programme
18
Extension of exploration licence
19
Relinquishment of area subject to exploration licence
PART V Discovery, Appraisal and Production
20
Discovery
21
Appraisal plan
22
Declaration of commercial discovery
23
Offer to apply for production licence
24
Application for, and issue of, production licence
25
Extension of production licence
26
Development plan
27
Decommissioning plan
28
Decommissioning Fund
29
Property in petroleum passes to licensee at well head
PART VI Transfer, Surrender, Suspension and Cancellation of Licence
30
Transfer of licence
31
Surrender of licence etc.
32
Suspension of licence by agreement
33
Disciplinary power to suspend licence
34
Suspension of petroleum operations for emergencies etc.
35
Suspension of petroleum operations for force majeure
36
Cancellation of licence
PART VII General Duties of Licensees
37
Best industry practice
38
Environmental duty
39
Health and safety duty
40
Local content duty of licensee
41
Unitisation
PART VIII Decommissioning
42
Licensee to decommission
PART IX Crown Participation
43
Crown may require percentage interest in licence
44
Crown take-over
45
Domestic supply
PART X Fees And Royalties
46
Area fee
47
Coastal and marine environmental research fee
48
Minimum annual training expenditure
49
Licensee to pay royalty
50
Payment of royalty in kind
51
Ascertainment of value of petroleum
PART XI Miscellaneous
52
Data and confidentiality
53
Records
54
Investigation and enforcement
55
Dispute resolution process
56
Administrative penalties
57
Power to make regulations
58
Consequential amendments
59
Act binds Crown
60
Commencement