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Decommissioning Responsibility and Liability in the Gulf of Mexico and the Evolving Rules of Financial Assurance
Contains material from May 2024
Decommissioning Responsibility and Liability in the Gulf of Mexico and the Evolving Rules of Financial Assurance
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Examine the liability regime for decommissioning offshore wells and platforms and how predecessors can be held responsible for decommissioning in the event of a default of the current owners. Discuss the evolving landscape of the financial assurance (bonding) regulations to cover decommissioning liability.
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Decommissioning Responsibility and Liability in the Gulf of Mexico and the Evolving Rules of Financial Assurance (May 2024)
Jim Noe
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Session 1 —29 mins
Decommissioning Responsibility and Liability in the Gulf of Mexico and the Evolving Rules of Financial Assurance (May 2024)
Examine the liability regime for decommissioning offshore wells and platforms and how predecessors can be held responsible for decommissioning in the event of a default of the current owners. Discuss the evolving landscape of the financial assurance (bonding) regulations to cover decommissioning liability.
Originally presented: Apr 2024 Oil, Gas and Mineral Law Institute
Jim Noe,
Holland & Knight LLP - Washington, DC and Houston, TX