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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 30 - Mineral Resources |
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Chapter V - Bureau of Ocean Energy Management, Department of the Interior |
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SubChapter B - Offshore |
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Part 585 - Renewable Energy and Alternate Uses of Existing Facilities on the Outer Continental Shelf |
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Subpart D - Lease and Grant Administration |
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Lease or Grant Renewal |
§ 585.427 - How long is a renewal?
Latest version.
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§ 585.427 How long is a renewal?
BOEM will set the term of a renewal at the time of renewal on a case-by-case basis.
(a) For commercial leases, a renewal term will not exceed the original operations term unless a longer term is negotiated by the applicable parties.
(b) For limited leases, a renewal term will not exceed the original operations term.
(c) For RUE and ROW grants, a renewal will continue for as long as the associated activities are conducted and facilities properly maintained and used for the purpose for which the grant was made, unless otherwise expressly stated.