The smart Trick of pagbet That Nobody is Discussing
The smart Trick of pagbet That Nobody is Discussing
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Some commenters asserted which the P70 values, and from time to time even the P50 values, exceed their inside estimates for his or her decommissioning charges Which BOEM should permit the usage of corporation-presented estimates.
In combination with being accessible inside the docket, BOEM will write-up an electronic duplicate with the paperwork relevant to this remaining motion at: laws-and-direction.
The tribunal thought of that It will be “acceptable to get a coastal Point out to act to stop… hazardous cases that may end up in accidents to persons and harm to devices and installations… and hold off or interruption in essential functions” (para.
The expression “sulphur” is replaced throughout this section with “sulfur”, as proposed. This edit is often a specialized correction and does not improve any indicating or intent in the regulatory provisions.
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later superseded by NTL-2017-N02. According to this noted data, BSEE made 3 probabilistic estimates of decommissioning expenditures for every OCS facility on a given lease. The bottom Price estimate would have a fifty per cent likelihood of covering the entire cost of decommissioning a facility which is As a result called “P50.” The next least expensive Price estimate, P70, would have a 70 % chance of covering the total price of decommissioning a facility.
On June 29, 2023, DOI posted an NPRM within get more info the Federal Sign-up at 88 FR 42136, which proposed amendments to thirty CFR components 550, 556, and 590. This NPRM proposed to streamline the standards used for assessing the money health of lessees, codify the usage of the BSEE probabilistic estimates of decommissioning Price tag for determining the level of supplemental financial assurance needed, take away restrictive provisions for 3rd-celebration ensures and decommissioning accounts, add requirements for which a bond or 3rd-bash assure that was furnished as supplemental economical assurance could be canceled, and clarify bonding specifications for RUEs serving Federal leases. Specially, the Office proposed to revise the criteria employed to evaluate the necessity for supplemental monetary assurance from lessees from the prevailing 5 requirements—financial potential, projected economical power, small business security, dependability in meeting obligations depending on credit rating ranking or trade references, and history of compliance with regulations, rules, and lease phrases—to at least one of two conditions: (1) credit rating ranking and (two) the ratio of the value of proved reserves to decommissioning liability associated with Individuals reserves. The Office proposed using an expense grade credit rating ranking threshold (or proxy credit history rating equivalent) and also a minimum amount 3-to-1 ratio of the value of proved reserves to decommissioning liability linked to All those reserves to find out if a lessee is required to offer supplemental financial assurance.
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