30 CFR 585.427: How long is a renewal?
Where this section sits in the code
- Title 30—Mineral Resources
- CHAPTER V—BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR
- SUBCHAPTER B—OFFSHORE
- PART 585—RENEWABLE ENERGY ON THE OUTER CONTINENTAL SHELF
- Subpart E—Lease and Grant Administration
BOEM will set the length of the renewal at the time of renewal on a case-by-case basis.
(a) For commercial leases, the length of the renewal will not exceed the original operations period unless a longer time is negotiated by the parties.
(b) For limited leases, the length of the renewal will not exceed the original operations period.
(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.
Collected 2026-08-27T02:25:24Z. Source file · JSON