MMS issues rule on floating platforms

The US Minerals Management Service issued a final rule July 19 that streamlines permitting for floating platforms and incorporates industry standards for floating production systems into MMS regulations.

July 22, 2005

By OGJ editors
HOUSTON, July 22 -- The US Minerals Management Service issued a final rule July 19 that streamlines permitting for floating platforms and incorporates industry standards for floating production systems into MMS regulations.

Previously, MMS regulations did not specifically address floating production facilities separately from fixed platforms. The change reflects the acceleration of deepwater exploration and development and the producing industry's increasing reliance on floating platforms, MMS said.