Code of Federal Regulations (alpha)

CFR /  Title 30  /  Part 585  /  Sec. 585.903 What are the requirements for decommissioning FERC-licensed

You must comply with the decommissioning requirements in your BOEM-issued lease. If you fail to comply with the decommissioning requirements of your lease then:

(a) BOEM may call for the forfeiture of your bond or other financial assurance;

(b) You remain liable for removal or disposal costs and responsible for accidents or damages that might result from such failure; and

(c) BOEM may take enforcement action under Sec. 585.400 of this part.