Several commenters frequently supported the proposal to permit limiting third-social gathering ensures to a particular amount of money. Reaction:

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BOEM deemed bonding at P90, which might bring about the bottom danger with the proposed possibilities to your taxpayer from underfunded offshore decommissioning liabilities. Even so, P90 would cause an roughly 40 percent probability of being over bonded. In addition, BOEM regarded the price of financing, which might generally (especially in higher curiosity price environments) boost the hazards of burdensome above bonding.

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codifying using the BSEE probabilistic estimates of decommissioning cost for deciding the amount of supplemental monetary assurance demanded,

Commenters normally supported the proposal to permit BOEM to withhold approval of any new transfer or assignment of any lease desire until finally financial assurance obligations are pleased. Reaction:

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Conversely, various commenters asserted which the P70 benefit was not sufficiently conservative to safeguard other functions and the general public from the event of default.

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Commenters supported the proposal To judge the monetary wellbeing of pipeline ROW grant holders using the very same criterion as was proposed for oil and fuel lessees ( i.e.,

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BOEM agrees with the commenters the decommissioning liability shouldn't be double counted; website it isn't the Bureau's intent to double depend the decommissioning legal responsibility. The laws are distinct that BOEM is asking for the discounted worth of the reserves ( e.g.,