Some applicants will be eligible for significant refunds if we reject their deepwater relief applications as incomplete within the first 20 business days after receipt. A supplemental fee will be charged if, during the review period, we either initiate an audit or identify the need for an audit. Any collection of information that we mention in this NTL provides clarification, description, or interpretation of requirements contained in 30 CFR part 203. The Office of Management and Budget has approved our collection of information required by these regulations and assigned OMB Control Number 1010-0071. This NTL does not impose additional information collection requirements that would be subject to the Paperwork Reduction Act of 1995.
Royalties are halved when lessees can show they have inadequate revenues to continue production.
Special case requests to adjust royalty terms to increase ultimate recovery of the resources on the lease may also be considered. It depends on the type of application. You must pay an application fee when you file for royalty relief or request a nonbinding assessment or royalty adjustment. You will also pay an audit fee if we notify you that we will conduct an audit during the application evaluation process or if we notify you at approval of relief that we will conduct a later audit. Contact the OCS Regional Office for wiring instructions.