offshore-energy · Bureau of Ocean Energy Management · Published 1998-01-16 · Effective 1998-02-17 · 63 FR 2626
Document
Document number
98-843
Federal Register citation
63 FR 2626
CFR reference
30 CFR 260
Type
Rule
Action
Final rule.
Category
offshore-energy
Sub-agency
Bureau of Ocean Energy Management
Publication date
1998-01-16
Effective date
1998-02-17
Abstract
The Secretary of the Interior is authorized to offer Outer Continental Shelf (OCS) tracts in parts of the Gulf of Mexico for lease with suspension of royalties for a volume, value, or period of production. This applies to tracts in water depths of 200 meters or more. This final rule specifies the royalty-suspension terms for lease sales using this bidding system.