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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

In addition, the proposed regulations provide that BOEM would also consider the proved oil and gas reserves on the lease and the financial strength of predecessors in determining whether additional security was required. The public comment period will last for 60 days, and comments can be submitted online or by mail.

article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

In addition, the proposed regulations provide that BOEM would also consider the proved oil and gas reserves on the lease and the financial strength of predecessors in determining whether additional security was required. The public comment period will last for 60 days, and comments can be submitted online or by mail.