5 Easy Facts About seabet Described
5 Easy Facts About seabet Described
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BOEM acknowledges the commenters' fears which the P70 estimates can be larger than the actual expense of decommissioning for certain platforms. Generally speaking, it might be more expensive for the government to decommission a facility than it's for an OCS operator to take action. Hence, regardless of whether the P70 benefit is bigger than firm-derived values, it may be much more aligned with the costs that The federal government would incur to perform the decommissioning, which is the applicable consideration when pinpointing the associated fee to decommission a facility if the business fails to do so.
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No comments were being been given specially on the proposed Modification to rename the lease-specific abandonment accounts in 30 CFR 556.904 as “Decommissioning Accounts” or even the proposed Modification to get rid of the necessity to pledge Treasury securities to fund the account prior to the resources equivalent the maximum sum insurable by the FDIC/FSLIC.
As well as becoming out there while in the docket, BOEM will submit an electronic copy of the files connected with this last motion at: rules-and-advice.
The tribunal regarded as that It might be “sensible for your coastal Point out to act to circumvent… dangerous circumstances that may lead to accidents to folks and harm to machines and installations… and delay or interruption in crucial operations” (para.
Numerous commenters expressed considerations that the preamble towards the proposed rule alluded to checking of credit ratings, though the regulatory textual content didn't point out the checking.
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