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In response to commenters asserting that BOEM didn't explain the event in the P-values, BOEM notes that the event of BSEE's probabilistic estimates was reviewed in the preamble to your proposed rule at 88 FR 42143. The decommissioning cost estimates are formulated being a distribution ( i.e.,
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A Chinese ship remains the focus in the investigation into Baltic Sea fuel pipeline harmed very last 12 months
Quite a few commenters asserted that the value of decommissioning legal responsibility ought to be included back again to the reserve price in order to avoid double counting.
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Various commenters expressed assistance for DOI's proposal not to demand supplemental money assurance on leases wherever a minimum of just one co-lessee fulfills the credit history rating threshold. Reaction:
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A commenter asked for which the Department rethink making it possible for oil and fuel operators to decommission pipelines set up and may make sure that BSEE's decommissioning fees adequately fulfill the cost of getting rid of all pipeline through the seafloor. Reaction:
A commenter proposed which the Office must not require supplemental bonding for RUEs that happen to be servicing and associated with higher worth leases due to the fact some corporations have desire inside the reserves linked to a RUE granted to keep up check here a System operational on an expired lease for servicing output on A further lease. Response:
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On Oct 16, 2020, DOI issued a recognize of proposed rulemaking (85 FR 65904) to revise particular BSEE policies about decommissioning orders plus the Division's monetary assurance regulations which have been administered by BOEM. From the joint proposed rule, the Section proposed to regulate the supplemental economic assurance criteria to reflect the chance mitigation previously supplied by the joint and several legal responsibility of fiscally steady co-lessees and predecessor lessees. The Department's laws hold predecessors chargeable for some or most of the decommissioning whenever a present lessee is struggling to conduct its obligations.