31 CFR 589.301 - Arctic offshore projects.

Regulations last checked for updates: Feb 19, 2025

Title 31 - Money and Finance: Treasury last revised: Jan 17, 2025

View all text of Subpart C [§ 589.300 - § 589.343]

§ 589.301 - Arctic offshore projects.

(a) The term Arctic offshore projects as used in § 589.205 means projects that have the potential to produce oil in areas that—

(1) Involve drilling operations originating offshore, and

(2) Are located above the Arctic Circle.

(b) The term Arctic offshore projects as used in § 589.205 does not apply to horizontal drilling operations originating onshore where such drilling operations extend under the seabed to areas above the Arctic Circle.

authority: 3 U.S.C. 301; 22 U.S.C. 8901-8910,8921; 31 U.S.C. 321(b); 50 U.S.C. 1601

source: 87 FR 26099, May 2, 2022, unless otherwise noted.

cite as: 31 CFR 589.301