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Comments to BOEM on Financial Assurance Criteria (November 23, 2015)

The American Petroleum Institute (API), the National Ocean Industries Association (NOIA), and the Offshore Operators Committee (OOC) (the Associations) offer the following feedback on the U.S. Department of Interior Bureau of Ocean Energy Management’s (BOEM’s) proposed updated criteria to determine the financial ability of lessees, operators, pipeline rights-of-way (ROW) holders, and rights-of-use and easement (RUE) holders to carry out their obligations on leases, ROWs, and RUEs issued on the Outer Continental Shelf (OCS) and the potential need for additional security as authorized in 30 CFR § 556.53 (d) –(f) to ensure performance of these obligations.

See letter below:

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Comments to BOEM on Financial Assurance Criteria (November 23, 2015)

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