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30 C.F.R. § 203.60   Who may apply for deep water royalty relief?

Title 30 - Mineral Resources

Title 30: Mineral Resources
PART 203—RELIEF OR REDUCTION IN ROYALTY RATES
Subpart B—OCS Oil, Gas, and Sulfur General
Royalty Relief For Deep Water Expansion Projects And Pre-Act Deep Water Leases

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§ 203.60   Who may apply for deep water royalty relief?

You may apply for royalty relief under §§203.61(b) and 203.62 if:

(a) You are a lessee of a lease in water at least 200 meters deep in the GOM and lying wholly west of 87 degrees, 30 minutes West longitude;

(b) We have assigned your pre-Act lease to a field (as defined in §203.0); and

(c) You either:

(1) Hold a pre-Act lease on an authorized field (as defined in §203.0) or

(2) Propose an expansion project (as defined in §203.0) or

(3) Propose a development project (as defined in §203.0).

[67 FR 1875, Jan. 15, 2002]

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