Sep 22, 2023· Comment from American Petroleum Institute and the Louisiana Mid-continent Oil and Gas Association· BOEM-2023-0027-2006
Please find attached the comments of API and LMOGA on the proposed Financial Assurance regulations.
BOEMRulemakingBOEM-2023-0027
Risk Management and Financial Assurance for OCS Lease and Grant Obligations
RIN
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Last modified
Oct 1, 2024
Comment window
closed 795d ago
American Petroleum Institute filings
2
Activity
American Petroleum Institute filed 2 comments on this docket between Aug 25, 2023 and Sep 22, 2023. 0 other organizations filed here. The comment window closed 795d ago.
What American Petroleum Institute filed (2)
Aug 25, 2023· Comment from American Petroleum Institute· BOEM-2023-0027-0031
Please find API's request that BOEM not extend the comment period for this proposed rule.
Abstract
This proposed rule would modify the evaluation criteria for determining whether oil, gas and sulfur lessees, right-of-use and easement (RUE) grant holders, and pipeline right-of-way (ROW) grant holders may be required to provide bonds or other financial assurance, above the regulatorily prescribed amounts for base bonds, to ensure compliance with their Outer Continental Shelf (OCS) obligations.
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