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In reaction to commenters' recommendations that BOEM increase clarification that this feature is accessible for altered situation or for getting new lease interests, BOEM thinks which the proposed text in thirty CFR 556.
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24, raised that it “may be examine as containing a preference for things to do in the Area about the workout of your freedoms in the large seas” (p. seventeen). Without a doubt, as a destructive proper, liberty of navigation, which includes for protesting, doesn't represent a license to interfere With all the physical exercise of beneficial rights
The objective of this rulemaking is always to finalize amendments to address problems concerning BOEM's monetary assurance application. This rule finalizes amendments to the present provisions to higher protect the taxpayer from bearing the price of facility decommissioning together with other money dangers affiliated with OCS progress, for example environmental remediation.
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Another development milestone for the jobs would be the submission of programs for Growth Consent Orders, envisioned being during the next quarter of 2024.
The term “sulphur” is changed throughout this element with “sulfur”, as proposed. This edit is usually a technical correction and will not change any which means or intent on the regulatory provisions.
Lessees are jointly and severally chargeable for the lease decommissioning obligations that accrue in the course of their ownership, in addition to the ones that accrued previous to their ownership, which implies that every recent co-lessee is chargeable for the full obligation and BSEE may go after full effectiveness from any person current lessee. See, e.g.,
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Commenters supported the proposal to evaluate the money wellness of pipeline ROW grant holders utilizing the identical criterion as was proposed for oil and gas lessees ( i.e.,
BOEM disagrees with the commenter's assertion that there “is not any will need for” location-wide money assurance needs for RUEs. RUE holders have decommissioning responsibility and not simply that of having to pay rentals. Location-huge coverage is not staying necessary but remaining presented in its place to separately bonding Just about every RUE. In response to the recommendation that BOEM and BSEE ought to mandate entire ownership filings for ROW and RUEs, we Notice that is exterior the scope of this rulemaking. As reviewed inside the preamble to the proposed rule at 88 FR 42144, the proposed rule at thirty CFR 550.166(a)(1) would allow any lessee which has presently posted area-extensive lease fiscal assurance to modify that lease get more info surety bond to also deal with any RUE(s) in the region owned by the identical lessee. A chance to use the realm-wide lease fiscal assurance to cover the RUE foundation fiscal assurance will be issue on the requirement that the world-broad lease economical assurance will be in an amount of money equivalent to or better than the RUE foundation financial assurance prerequisite.
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