Russell McCulley
Features and technology editor at Upstream
Opinion

US regulators and industry on the same page — for now

New decommissioning financial requirements are designed to prevent taxpayers — and previous leaseholders — from having to foot the bill for end-of-life cleanup costs

The lease is up: New rules to be enforced by the US Bureau of Ocean Energy Management aim to make sure offshore leaseholders have the financial means to pay for decommissioning when assets have outlived their usefulness — for some.
The lease is up: New rules to be enforced by the US Bureau of Ocean Energy Management aim to make sure offshore leaseholders have the financial means to pay for decommissioning when assets have outlived their usefulness — for some.Image: UPSTREAM/RYTIS DAUKANTAS
Published 17 April 2024, 14:30Updated 23 April 2024, 05:39
Bureau of Ocean Energy ManagementAmerican Petroleum InstituteUnited StatesUS Gulf of MexicoElizabeth Klein