NTL 1999-N04 - Revised Guidelines for Royalty Relief Under 30 CFR Part 203 - March 5, 1999

This NTL supersedes NTL 98-17N and amends the guidelines for applying for royalty relief. As we stated in earlier NTLs on royalty relief, we expect to periodically update these guidelines to reflect our experience in processing applications. Under 30 CFR Part 203, certain lessees may apply to MMS for a suspension of royalty payments or a reduced royalty rate by submitting a complete application. We describe the specific data elements, parameters, reports and computer model or spreadsheets in a complete application in two separate Appendices to this NTL. These guidelines are Appendix I: GUIDELINES FOR THE APPLICATION, REVIEW, APPROVAL, AND ADMINISTRATION OF THE DEEP WATER ROYALTY RELIEF PROGRAM and Appendix II: GUIDELINES FOR THE APPLICATION, REVIEW, APPROVAL, AND ADMINISTRATION OF ROYALTY RELIEF FOR END-OF-LIFE LEASES. They also explain the procedures we will follow for evaluating applications and implementing royalty relief.