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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

OCTOBER 15, 2020

The Bureau of Ocean Energy Management (“BOEM”) and the Bureau of Safety and Environmental Enforcement (“BSEE”) recently issued a proposed rule on Risk Management, Financial Assurance and Loss Prevention (“Proposed Rule”), which was published in the Federal Register on October 16, 2020 and is now open for public comment.

Pipeline

Pipeline Exploration and Production Operator E&A

DOI Announcement of a Proposed Rule on Risk Management, Financial Assurance and Loss Prevention

The Energy Law

SEPTEMBER 18, 2020

In addition, the Proposed Rule removes the requirements that Treasury securities be pledged to fund the decommissioning account before the amount of funds in the account equals the maximum amount insurable by the Federal Deposit Insurance Corporation (FDIC). A few highlights of the Proposed Rule include the following: 1.

Management

Management Exploration and Production E&A Pipeline

Energy Aggregated

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

DOI Announcement of a Proposed Rule on Risk Management, Financial Assurance and Loss Prevention

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