§550.183. When may BOEM or the Secretary extend or cancel a lease at the development and production stage?
30 C.F.R. § 550.183
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:
BOEM will allow you to hold the lease for 5 years, or less time at your request;
Any time within 5 years after the disapproval, you may reapply for approval of the same or a modified plan; and
The Regional Supervisor will approve, disapprove, or require modification of the plan under 30 CFR part 550, subpart 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:
When the 5-year period in paragraph (a)(1) of this section expires; or
If you request cancellation at an earlier time.
Notes, amendments, and revision history
Authority
Authority: 30 U.S.C. 1751; 31 U.S.C. 9701; 43 U.S.C. 1334.
Source
Source: 76 FR 64623, Oct. 18, 2011, unless otherwise noted.