Offshore Oil Lease

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Offshore Oil Lease

Definition

A lease to drill for oil and gas on federally-owned submerged lands on the outer continental shelf. Offshore oil leases are issued pursuant to five-year plans developed in compliance with the Outer Continental Shelf Lands Act (OCSLA) and administered by the Department of the Interior’s Bureau of Ocean Energy Management.

Related rules

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— California v. Watt

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— Oceana v. Bureau of Ocean Energy Management

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