Producers to pay royalties for 1998-99 deepwater leases

摘要

Five Gulf of Mexico producers agreed to pay royalties on their 1998 and 1999 deepwater leases that were originally issued without price thresholds,the US Department of Interior announced on Dec.14.BP PLC,ConocoPhillips,Marathon Oil Corp.,Shell Oil Co.,and Houston independent Walter Oil & Gas Corp.signed agreements under which they will pay royalties for production from Oct.1 onward,said C.Stephen Allred,DOI assistant secretary for land and minerals management.