NTL 2002-G02 - Notification and Confirmation of Deepwater Royalty Relief for Eligible Leases - March 1, 2002

This Notice to Lessees and Operators (NTL) supersedes NTL 98-05, dated July 1, 1998, on this subject. It reminds operators of the new notification and confirmation requirement for “eligible” leases, which was established in the final rulemaking revising the 30 CFR part 260 regulations (66 FR11512, published February 23, 2001). It also makes other minor changes and updates regulatory citations. We previously issued NTL 98-05 in response to questions concerning deepwater royalty relief for eligible leases.