ChetMorrison Contractors

Category: Well Services

Challenge BOEM’s assessment of your financial assurance program and win: You have options when it comes to the latest NTL

September 29th, 2016 in Marine Services, News, Well Services

Recent regulatory changes from the Bureau of Ocean Energy Management (BOEM) have the oil and gas industry on edge. The publication of a long-awaited Notice to Lessees and Operators (NTL) in July 2016 has changed the liability and security requirements for companies with Outer Continental Shelf (OCS) leases, threatening many with dramatically higher financial burdens…