SEABET - AN OVERVIEW

recognized sale price tag minus uplift expenditures) with out factoring in decommissioning. BOEM calls for lessees to deliver supplemental financial assurance in opposition to undiscounted BSEE decommissioning estimates to safeguard from money default occasions which could arise before scheduled finish of existence and the complete accounting recog

The regulatory amendments On this rulemaking are anticipated to boost the complete sum of financial assurance required from OCS lessees and grant holders. These lessees that do not satisfy the up-to-date requirements to stop giving fiscal assurance will know a heightened compliance Expense in the form of bonding premiums. BOEM has drafted a Regulat