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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2003-N06, which was itself replaced by NTL No. This often results in a stand-off between prior interest owners and leads to additional delay in decommissioning work being performed. Proposed regulations – The joint and several liability scheme, with each party remaining liable for its own accrued obligations, remains the same.

article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2003-N06, which was itself replaced by NTL No. This often results in a stand-off between prior interest owners and leads to additional delay in decommissioning work being performed. Proposed regulations – The joint and several liability scheme, with each party remaining liable for its own accrued obligations, remains the same.