U.S. Offshore Regulatory Policies in Abandonment and Decommissioning
Article from: OGEL 2 (2018), in Decommissioning
Abstract
Current State of Abandonment and Decommissioning in the Offshore United States The Bureau of Ocean Energy Management (BOEM, the agency within the U.S. Federal Government responsible for administering federal offshore leases on federal submerged lands) recently stated that the "routine" oil and gas facility decommissioning liability in the Gulf of Mexico currently totals USD 40 billion because of the increasing maturity of the Pacific and Gulf of Mexico oil and gas infrastructure. In addition, the BOEM has highlighted that an accident or hurricane event can result in a tenfold (or ...