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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 30 - Mineral Resources |
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Chapter II - Bureau of Safety and Environmental Enforcement, Department of the Interior |
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SubChapter A - Minerals Revenue Management |
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Part 203 - Relief or Reduction in Royalty Rates |
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Subpart B - OCS Oil, Gas, and Sulfur General |
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Royalty Relief for Pre-Act Deep Water Leases and for Development and Expansion Projects |
§ 203.67 - What economic criteria must I meet to get royalty relief on an authorized field or project?
Latest version.
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§ 203.67 What economic criteria must I meet to get royalty relief on an authorized field or project?
We will not approve applications if we determine that royalty relief cannot make the field, development project, or expansion project economically viable. Your field or project must be uneconomic while you are paying royalties and must become economic with royalty relief.