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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law Blog

Supplemental bonding: Current regulations – BOEM can require additional security based on an evaluation of a lessee’s ability to carry out present and future obligations demonstrated by five factors: (i) financial capacity substantially in excess of existing and anticipated lease and other obligations as evidenced by audited financial statements; (ii) (..)

article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law Blog

Supplemental bonding: Current regulations – BOEM can require additional security based on an evaluation of a lessee’s ability to carry out present and future obligations demonstrated by five factors: (i) financial capacity substantially in excess of existing and anticipated lease and other obligations as evidenced by audited financial statements; (ii) (..)