MMS: Deep-drilling shallow-water royalty relief delayed

10/21/2002
The royalty-relief incentives for new leases that the US Minerals Management Service has implemented for Gulf of Mexico deep drilling have successfully spurred exploration and development drilling, as evidenced by lease sales in the outer deep water.The agency's efforts to provide the same relief in the shallow water for deep drilling in existing leases, however, have met with delay for further review of the proposed rule, according to MMS Director Rejane "Johnnie" Burton, speaking to the International Association of Drill- ing Contractors annual meeting late last month in San Antonio.Highlighting MMS efforts to work with the oil and gas industry in maximizing US domestic oil and gas ...
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