Opportune, an international energy consulting firm, produced an independent report examining the implications of the Bureau of Ocean Energy Management’s latest Notice to Lessees concerning financial assurance security for decommissioning and plugging and abandonment work.

As numerous organizations, policymakers, and independent industry observers have consistently maintained, these rules would severely inhibit growth on operations in the Gulf of Mexico, particularly among independent companies investing in this region.

The exhaustive study also provides its own cost-benefit analysis of the proposed regulation, demonstrating clearly that the costs to the region in the form of significantly decreased economic impact for the region and reduced royalties to the federal government far outweigh any purported benefit.  Please take a look and share with your networks.