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to collect supplemental economical assurance and from the other independent complex adjustments included in this rule. During this state of affairs, BOEM could continue to collect supplemental economical assurance utilizing the Earlier acknowledged BSEE deterministic estimate for decommissioning fees. BOEM is amending the following laws as follows:
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Other commenters asserted that BOEM ought to think about the obligations of the predecessors during the chain-of-title right before trying to find further economic assurance from existing lessees, otherwise The end result is necessitating “double bonding.” Response:
BOEM acknowledges the commenters' guidance, and the Section is finalizing, as proposed in thirty CFR 556.901(d), the option for businesses with no issuer credit rankings to ask for the Regional Director to ascertain a proxy credit score rating depending on audited fiscal information and facts for The latest fiscal 12 months plus the S&P credit model. three. Valuing Proved Oil and Fuel Reserves
The time period “sulphur” is replaced in the course of this aspect with “sulfur”, as proposed. This edit is usually a technical correction and doesn't alter any meaning or intent on the regulatory provisions.
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A commenter instructed which the Department should not call for supplemental bonding for RUEs which have been servicing and associated with higher worth leases due to the fact some corporations very own fascination in the reserves connected with a RUE granted to take care of a platform operational on an expired lease for servicing production on A further lease. Reaction:
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Janne Grönlund, senior vice chairman at Gasgrid Finland, said that Balticconnector was reopened for business operation early Monday just after gasoline started flowing from Finland to Estonia. A scaled-down quantity of gas was also flowing in one other path.