Department of Interior Proposes New Financial Assurance and Decommissioning Regulations
The Energy Law Blog
OCTOBER 15, 2020
In most cases of default of a current lessee or owner of operating rights, BSEE will call upon a prior interest owner to perform the required decommissioning. BOEM issued the last and most controversial NTL, NTL No. 2016-N01, in 2016, which created widespread industry concern, and, as a result, was never fully implemented.
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