30 CFR 550 Subpart J

CFR-2018-title30-vol2-part550-subpartJ.pdf

Risk Management and Financial Assurance for OCS Lease and Grant Obligations

30 CFR 550 Subpart J

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Ocean Energy Management, Interior

§ 550.1153

time and in a manner approved or prescribed by the Regional Supervisor,
and submit meteorological data from a
facility.

Subpart D—Leasing Maps and
Diagrams
§ 550.400 Leasing maps and diagrams.
(a) Any area of the OCS, which has
been appropriately platted as provided
in paragraph (b) of this section, may be
leased for any mineral not included in
an existing lease issued under the Act
or meeting the requirements of subsection (a) of section 6 of the Act. Before any lease is offered or issued an
area may be:
(1) Withdrawn from disposition pursuant to section 12(a) of the Act; or
(2) Designated as an area or part of
an area restricted from operation
under section 12(d) of the Act.
(b) BOEM will prepare leasing maps
and official protraction diagrams of
areas of the OCS. The areas included in
each mineral lease will be in accordance with the appropriate leasing map
or official protraction diagram.
[81 FR 18152, Mar. 30, 2016]

Subparts E–I [Reserved]

required in 30 CFR part 256 and 30 CFR
part 556) that guarantees compliance
with all the terms and conditions of
the rights-of-way you hold in an OCS
area; and
(2) Provide additional security if the
Regional Director determines that a
bond in excess of $300,000 is needed.
(b) For the purpose of this paragraph,
there are three areas:
(1) The Gulf of Mexico and the area
offshore the Atlantic Coast;
(2) The areas offshore the Pacific
Coast States of California, Oregon,
Washington, and Hawaii; and
(3) The area offshore the Coast of
Alaska.
(c) If, as the result of a default, the
surety on a right-of-way grant bond
makes payment to the Government of
any indebtedness under a grant secured
by the bond, the face amount of such
bond and the surety’s liability shall be
reduced by the amount of such payment.
(d) After a default, a new bond in the
amount of $300,000 shall be posted within 6 months or such shorter period as
the Regional Supervisor may direct.
Failure to post a new bond shall be
grounds for forfeiture of all grants covered by the defaulted bond.

Subpart K—Oil and Gas
Production Requirements.

Subpart J—Pipelines and Pipeline
Rights-of-Way

WELL TESTS AND SURVEYS
§ 550.1011 Bond requirements for pipeline right-of-way holders.
(a) When you apply for, or are the
holder of, a right-of-way, you must:
(1) Provide and maintain a $300,000
bond (in addition to the bond coverage

(a) You must conduct a static
bottomhole pressure survey under the
following conditions:

If you have . . .

Then you must conduct . . .

(1) A new producing reservoir,

A static bottomhole pressure survey within 90 days after the date of first continuous production.
Annual static bottomhole pressure surveys in a sufficient number of key wells to
establish an average reservoir pressure. The Regional Supervisor may require
that bottomhole pressure surveys be performed on specific wells.

(2) A reservoir with three or more producing completions,

jstallworth on DSKBBY8HB2PROD with CFR

§ 550.1153 When must I conduct a static bottomhole pressure survey?

(b) Your bottomhole pressure survey
must meet the following requirements:
(1) You must shut-in the well for a
minimum period of 4 hours to ensure
stabilized conditions; and
(2) The bottomhole pressure survey
must consist of a pressure measure-

ment at mid-perforation, and pressure
measurements and gradient information for at least four gradient stops
coming out of the hole.
(c) You must submit to the Regional
Supervisor the results of all static
bottomhole pressure surveys on Form

405

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