Federal Register #BOEM-2025-0042

BOEM Extends Comment Period for Proposed Rule on Offshore Risk Management and Financial Assurance

The Bureau of Ocean Energy Management (BOEM), under the Department of the Interior, is extending the public comment period for its proposed rule on risk management and financial assurance for Outer Continental Shelf (OCS) lease and grant obligations. - Government Buyer: - Bureau of Ocean Energy Management (BOEM), Department of the Interior - Headquarters at 1849 C Street NW, Washington, DC - No OEMs or vendors are involved, as this is a regulatory action and not a procurement of products or services - Products/Services Requested: - No products or services are being requested; the opportunity is for public input on proposed regulatory amendments - Notable Requirements: - Proposed rule addresses: - Financial strength considerations for jointly liable predecessor lessees - Credit rating thresholds for supplemental financial assurance - Decommissioning estimate revisions - Appeals bond provisions for offshore leasing and grants - Focus is on regulatory feedback, not acquisition of goods or services - Place of Performance: - BOEM headquarters, Washington, DC

Description

The Bureau of Ocean Energy Management (BOEM) is extending the public comment period on their proposed rule titled "Risk Management and Financial Assurance for OCS Lease and Grant Obligations" by seven days. The proposed rule includes amendments related to financial strength considerations of jointly liable predecessor lessees, credit rating thresholds for supplemental financial assurance, decommissioning estimates, and appeals bond provisions. Comments previously submitted do not need to be resubmitted and will be fully considered. The extended deadline for comments is May 15, 2026.

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