Respondents provide BSEE with
information that assists BSEE in determining whether the granting
of a royalty relief request will result in the ultimate production
of resources that would not be produced without relief. The
application must contain sufficient financial, economic, reservoir,
geologic and geophysical, production and engineering information to
determine whether the decision to grant relief will result in
ultimate increase in resource recovery, augment receipts to the
Federal Treasury, and provide for reasonable returns on project
investments.
a. The currently approved
annual hour burden is 2,329 hours. This submission requests 724
hours. The difference is an adjustment decrease of 1,605 hours as a
result of re-estimating the amount of time required to respond and
lowering the response, for the most part, to once every 10 years.
b. The currently approved cost burden is $117,441. This submission
requests $27,950 representing an adjustment decrease of $89,491
resulting from re-estimating the annual number of applications/
responses and associated costs (application/audit fees and CPA
certification report(s)). There are currently no royalty relief
applications in the OCS and none planned in the near future. As
there are no active respondents, the non-hour cost burdens were
estimated as once every 10 years.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.