Statutes, codes, and regulations
Code of Federal Regulations
Title 30 - MINERAL RESOURCESChapter V - BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIORSubchapter B - OFFSHOREPart 585 - RENEWABLE ENERGY ON THE OUTER CONTINENTAL SHELFSubpart E - [Effective until 7/15/2024] PAYMENTS AND FINANCIAL ASSURANCE REQUIREMENTS
[Effective until 7/15/2024] PAYMENTS
Section 585.504 - [Effective until 7/15/2024] How are my payments affected if I develop my lease in phases?

30 C.F.R. § 585.504

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Current through May 31, 2024
Section 585.504 - [Effective until 7/15/2024] How are my payments affected if I develop my lease in phases?

If you develop your commercial lease in phases, as approved by us in your COP under § 585.238 , you must pay ONRR, under the regulations at 30 CFR part 1218 :

(a) Rent on the portion of the lease that is not authorized for commercial operations.
(b) Operating fees on the portion of the lease that is authorized for commercial operations, in the amount specified in § 585.506 and as described in § 585.503(b) .
(c) Rent for a project easement in addition to lease rent, as provided in § 585.507 . You must commence rent payments for your project easement upon our approval of your COP.

30 C.F.R. §585.504

88 FR 6430, 1/31/2023