Instructions for Form BOEM-0152 Relinquishment of Federal Ocs Oil and Gas Lease

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Instructions for Form BOEM-0152 Relinquishment of Federal Ocs Oil and Gas Lease

This document contains official instructions for Form BOEM-0152 , Relinquishment of Federal Ocs Oil and Gas Lease - a form released and collected by the U.S. Department of the Interior - Bureau of Ocean Energy Management. An up-to-date fillable Form BOEM-0152 is available for download through this link.

FAQ

Q: What is Form BOEM-0152?
A: Form BOEM-0152 is the form used to relinquish a Federal OCS oil and gas lease.

Q: What does relinquishment mean?
A: Relinquishment means voluntarily giving up or surrendering the lease rights to explore and develop oil and gas resources in a specific area of the Outer Continental Shelf (OCS).

Q: Who needs to fill out Form BOEM-0152?
A: Any leaseholder who wants to relinquish their Federal OCS oil and gas lease needs to fill out this form.

Q: Are there any fees for relinquishing a lease?
A: Yes, there may be fees associated with relinquishing a lease. The specific fees should be outlined in the lease agreement and can vary depending on various factors.

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Instruction Details:

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