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Re: balance_builder post# 186280

Monday, 11/16/2009 5:02:58 PM

Monday, November 16, 2009 5:02:58 PM

Post# of 362034
BB......

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Petroleum Regulations

Regulation 65 Release of information and Data

65.1 The Authority may make such use as it wishes of information and data contained in a
report, return or other document furnished to the Authority, provided that information
and data is not made publicly known by the Authority before the periods of
confidentiality identified below have expired.

65.2 Basic information and data about petroleum operations in the area of a licence or
lease may be released by the Authority five (5) years after it was lodged with the
Authority or when the areas to which that information and data relates cease to be
part of the area of the licence or lease, if earlier. However, conclusions drawn or
opinions based in whole or in part on that information and data shall not be released
until ten (10) years after that information and data was lodged with the Authority.

65.3 Where information and data has been released by the Licensee, Lessee or Contractor
or some party acting on his behalf, the Authority shall not be obliged to maintain the
confidentiality of that information and data.

65.4 Information and data relating to a seismic or other geochemical or geophysical survey
shall be deemed to have been lodged no later than six (6) months after the survey
has been essentially completed. Information and data on wells shall be deemed to
have been lodged no later than three (3) months after the well has been essentially
completed.

65.5 Access to information that is not released that relates to or is adjacent to a particular
License, Lease or Contract Area shall be based on mutual agreements between the
Authority and the relevant contractors.

65.6 The Authority shall be free to use any information and data relating to relinquished
and surrendered blocks or relating to other blocks outside the area of the licence or
lease, including releasing it to any party.

65.7 Officials of the Governments of the States Parties may have access to information
and data provided to the Authority under these and other Regulations, provided such
officials comply with the provisions of this Regulation applicable to the Authority itself.