# Royalty Relief for New Leases in Deep Water
> **Bureau of Ocean Energy Management** · Final rule. · Published 1998-01-16 · Effective 1998-02-17 · 63 FR 2626
## Document
- **Document number:** 98-843
- **Category:** offshore-energy
- **Sub-agency:** Bureau of Ocean Energy Management
- **Federal Register citation:** 63 FR 2626
- **CFR reference:** 30 CFR 260
- **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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/01/16/98-843/royalty-relief-for-new-leases-in-deep-water)
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