GroundRules
30 CFR 585.504: How are my payments affected if I develop my commercial lease in phases?
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 F—Payments and Financial Assurance Requirements
If you develop your commercial lease in phases as approved by BOEM in your COP under § 585.238, you must pay ONRR as provided in 30 CFR 1218.51:
(a) Rent on the portion of the lease that has not commenced commercial operations.
(b) Operating fees on the portion of the lease that has commenced 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.
Collected 2026-08-27T02:25:24Z. Source file · JSON