§ 550.183. When may BOEM or the Secretary extend or cancel a lease at the development and production stage?
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/us/cfr/t30/s§ 550.183·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)BOEM may extend your lease if you submit a DPP and the Regional Supervisor disapproves the plan according to the regulations in 30 CFR part 550, subpart B. Following the disapproval:
(1)BOEM will allow you to hold the lease for 5 years, or less time at your request;
(2)Any time within 5 years after the disapproval, you may reapply for approval of the same or a modified plan; and
(3)The Regional Supervisor will approve, disapprove, or require modification of the plan under 30 CFR part 550, subpart B.
(b)If the Regional Supervisor has not approved a DPP or required you to submit a DPP for approval or modification, the Secretary will cancel the lease:
(1)When the 5-year period in paragraph (a)(1) of this section expires; or
(2)If you request cancellation at an earlier time.
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- 30 CFR 550
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§ 550.183
When may BOEM or the Secretary extend or cancel a lease at the development and production stage?
Cite30 CFR 550
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