[Code of Federal Regulations]
[Title 30, Volume 2]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 30CFR250.166]

[Page 259]
 
                       TITLE 30--MINERAL RESOURCES
 
                CHAPTER II--MINERALS MANAGEMENT SERVICE,
                       DEPARTMENT OF THE INTERIOR
 
PART 250--OIL AND GAS AND SULPHUR OPERATIONS IN THE OUTER CONTINENTAL SHELF--Table of Contents
 
                           Subpart A--General
 
Sec. 250.166  If I have a State lease, what surety bond must I have for a right-of-use and easement?

    (a) Before MMS issues you a right-of-use and easement on the OCS, 
you must furnish the Regional Director a surety bond for $500,000.
    (b) The Regional Director may require additional security from you 
(i.e., security above the prescribed $500,000) to cover additional costs 
and liabilities for regulatory compliance. This additional surety:
    (1) Must be in the form of a supplemental bond or bonds meeting the 
requirements of Sec. 256.54 (General requirements for bonds) or an 
increase in the coverage of an existing surety bond.
    (2) Covers additional costs and liabilities for regulatory 
compliance, including well abandonment, platform and structure removal, 
and site clearance from the seafloor of the right-of-use and easement.

                               Suspensions