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Current as of January 02, 2025 | Updated by Findlaw Staff
You must notify the BOEM, within 5 business days, any time you cease commercial operations, without an approved suspension, under your approved COP. If you cease commercial operations for an indefinite period which extends longer than 6 months, we may cancel your lease under § 585.437 and, you must initiate the decommissioning process as set forth in subpart I of this part.
Cite this article: FindLaw.com - Code of Federal Regulations Title 30. Mineral Resources § 30.585.635 What must I do if I cease activities approved in my COP before the end of my commercial lease? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-585-635/
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