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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

A prior lessee could be held liable for decommissioning a hurricane-toppled platform years after its exit and completion of all lease decommissioning obligations. 2008-N07, a lessee that passed the established thresholds was waived from providing additional security to cover its decommissioning liability. Historically, under NTL No.

article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

A prior lessee could be held liable for decommissioning a hurricane-toppled platform years after its exit and completion of all lease decommissioning obligations. 2008-N07, a lessee that passed the established thresholds was waived from providing additional security to cover its decommissioning liability. Historically, under NTL No.