GroundRules
30 CFR 553.20: What methods may I use to demonstrate OSFR?
Where this section sits in the code
- Title 30—Mineral Resources
- CHAPTER V—BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR
- SUBCHAPTER B—OFFSHORE
- PART 553—OIL SPILL FINANCIAL RESPONSIBILITY FOR OFFSHORE FACILITIES
- Subpart C—Methods for Demonstrating OSFR
As the designated applicant, you may satisfy your OSFR requirements by using one or a combination of the following methods to demonstrate OSFR:
(a) Self-insurance under §§ 553.21 through 553.28;
(b) Insurance under § 553.29;
(c) An indemnity under § 553.30;
(d) A surety bond under § 553.31; or
(e) An alternative method the Director approves under § 553.32.
Collected 2026-08-27T02:25:24Z. Source file · JSON