GOB issued a press release today informing that the Petroleum Operations (Maritime Zone Moratorium) Act, 2017 has been enacted effective December 29th, 2017. The Petroleum Operations Act imposes an indefinite moratorium on the exploration for and exploitation of petroleum and other petroleum operations in the maritime zone of Belize. The Act was introduced to the House of Representatives on October 20th, 2017 and received bi-partisan support at the December 8th sitting of the House of Representatives. It was then referred to the Senate and passed into law. GOB says it remains committed to protecting Belize’s natural resources.