Exploration and Production, Insurance and Offshore

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Exploration and Production

Insurance

Offshore

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

OCTOBER 15, 2020

The net present value of proved reserves on the lease is less than or equal to three times the cost of the BSEE decommissioning estimate associated with production of those reserves; Or. BOEM determined that the risk of loss through a bank failure is minimal, and, practically speaking, BOEM’s security does not depend on FDIC insurance.

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).

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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