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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 |
§ 203.60 - Who may apply for royalty relief on a case-by-case basis in deep water in the Gulf of Mexico or offshore of Alaska?
Latest version.
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§ 203.60 Who may apply for royalty relief on a case-by-case basis in deep water in the Gulf of Mexico or offshore of Alaska?
You may apply for royalty relief under §§ 203.61(b) and 203.62 for an individual lease, unit or project if you:
(a) Hold a pre-Act lease (as defined in § 203.0) that we have assigned to an authorized field (as defined in § 203.0);
(b) Propose an expansion project (as defined in § 203.0); or
(c) Propose a development project (as defined in § 203.0).