31 C.F.R. § 589.308 : Money and Finance: Treasury — REGULATIONS RELATING TO MONEY AND FINANCE — OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY — UKRAINE-/RUSSIA-RELATED SANCTIONS REGULATIONS — GENERAL DEFINITIONS — Deepwater projects
The term deepwater projects as used in § 589.205 means projects that involve underwater activities at depths of more than 500 feet.