The smart Trick of seabet That Nobody is Discussing
The smart Trick of seabet That Nobody is Discussing
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) as talked over in the next subsections. A summary of all feedback obtained regarding revisions to definitions and BOEM's corresponding responses are available in area 10 of your Reaction to Community Reviews.
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The amendments In this particular last rule are anticipated to boost the total amount of money of economic assurance necessary from OCS lessees and grant holders. These lessees that do not meet up with the up to date standards in order to avoid supplying supplemental economical assurance will likely have a heightened compliance Price in the shape of bond premiums. BOEM has drafted an RIA detailing the estimated impacts of the Start Printed Web site 31564 respective provisions of the last rule. These impacts replicate both equally monetized and non-monetized impacts; the costs and great things about the non-monetized impacts are reviewed qualitatively inside the RIA and in the subsequent paragraphs. The desk beneath summarizes BOEM's monetized estimate of the expense of enhanced bonding premiums compensated by lessees in excess of a 20-year interval.
BOEM agrees With all the commenters that the decommissioning liability should not be double counted; it is not the Bureau's intent to double depend the decommissioning liability. The regulations are apparent that BOEM is requesting the discounted worth of the reserves ( e.g.,