BOEM extends review period for proposed risk management guidance

The US Bureau of Ocean Energy Management extended by 2 weeks the time for stakeholders to review proposed criteria for determining a company’s financial ability to carry out obligations.

The review period now will end on Nov. 23, the US Department of the Interior agency reported. The proposed guidance is available online at www.boem.gov/Risk-Management.

BOEM said it has met with numerous companies, both in groups and individually, since an Oct. 9 industry forum in Houston to review specific information. It said it strongly encourages all companies to contact the Risk Management Program directly to discuss individual needs and concerns.

Contact Nick Snow at nicks@pennwell.com.

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