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Within the June 29, 2023, NPRM, the Section proposed alterations into the RUE monetary assurance specifications to make clear the financial assurance requirement for RUEs serving Federal leases, which is not explicitly tackled in the present restrictions.
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Other commenters asserted the proposed rule did not include enough data and transparency about how the probabilistic estimates are derived. Reaction:
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BOEM agrees Along with the commenters' assertion which the Original base bond total was determined many years in the past and acknowledges this worth need to be reevaluated. Simply because BOEM didn't propose a new price from the NPRM and, thus, can't revise it in the ultimate rule, BOEM ideas To judge the particular values of the base supplemental monetary assurance for RUEs, ROWs, and leases in a long run rulemaking.
incorporating new standards beneath which a bond or third-celebration ensure that was supplied as monetary assurance might be canceled, and
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Omitting the existence of predecessor lessees in the analysis of no matter whether to waive the necessity of supplemental monetary assurance for any present lessee—the approach remaining finalized in this article—addresses quite a few affiliated troubles. It makes sure that the current lessees contain the economical ability to meet their decommissioning obligations.
There are many external variables that may affect the worth of reserves. BOEM's use of this metric is simply to determine the probability that a lease could be obtained, due to the value of the reserves still left over the lease, by a economically balanced organization that might then be chargeable for lease obligations. Comment: