ROYALTY BREAK EYED FOR U.S. DEEPWATER OIL, GAS

Sen. Bennett Johnston (D-La.) wants to amend the U.S. omnibus energy bill to waive initial royalties for deepwater production. Johnston recently introduced the bill (OGJ, Aug. 10, p. 23) and is pressing for the Bush administration's support. He said, "There is just no industry interest in drilling and developing in deep water. They need some real incentives to drill out there." He said the legislation could be added to the energy bill in conference committee but only if the Office of

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