OFFSHORE BONDS— Conclusion: Risk-adjusted methods update supplemental bonding calculations

Risk-adjusted methods provide alternative approaches for calculating supplemental bonding requirements for operators in the Gulf of Mexico.Currently the US Mineral Management Service is assessing the need to update the formula for calculating bonding requirements that have been in place since the early 1990s.This concluding part of a two-part series summarizes several proposed alternative calculation methods to determine adequate supplemental bonding levels. The first part (OGJ, Sept. 7, 2009, p. 37) provided an overview of the supplemental bonding industry in the gulf.Supplemental bondingSupplemental bonding protects the government from incurring costs associated with offshore lease aban...

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