Code of Federal Regulations · Section
§ 581.43 — Effect Of Suspensions On Lease Term
30 C.F.R. § 581.43
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(a) If the BSEE Director orders the suspension of either operations or production, or both, with respect to any lease in its primary term, the primary term of the lease shall be extended by a period of time equivalent to the period of the directed suspension.
(b) If the BSEE Director orders or approves the suspension of either operations or production, or both, with respect to any lease that is in force beyond its primary term, the term of the lease shall not be deemed to expire so long as the suspension remains in effect.
Authorizing Statute
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Leases, easements, and rights-of-way on the outer Continental Shelf43 U.S.C. § 1337
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Secretarial authority30 U.S.C. § 1751
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Limits on liability33 U.S.C. § 2704
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Definitions43 U.S.C. § 1331
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Administration of leasing43 U.S.C. § 1334
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Deposit of royalty funds to Indian accounts30 U.S.C. § 1714
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Fees and charges for Government services and things of value31 U.S.C. § 9701