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Code of Federal Regulations Title 30. Mineral Resources § 30.553.13 How much OSFR must I demonstrate?

Current as of October 02, 2022 | Updated by FindLaw Staff

(a) The following general parameters apply to the amount of OSFR that you must demonstrate:

If you are the designated applicant for . . .

Then you must demonstrate . . .

Only one COF,

The amount of OSFR that applies to the COF.

More than one COF,

The highest amount of OSFR that applies to any one of the COFs.

(b) You must demonstrate OSFR in the amounts specified in this section:

(1) For a COF located wholly or partially in the OCS you must demonstrate OSFR in accordance with the following table:

COF worst case oil-spill discharge volume

Applicable amount of OSFR

Over 1,000 bbls but not more than 35,000 bbls

$35,000,000

Over 35,000 but not more than 70,000 bbls

70,000,000

Over 70,000 but not more than 105,000 bbls

105,000,000

Over 105,000 bbls

150,000,000

(2) For a COF not located in the OCS you must demonstrate OSFR in accordance with the following table:

COF worst case oil-spill discharge volume

Applicable amount of OSFR

Over 1,000 bbls but not more than 10,000 bbls

$10,000,000

Over 10,000 but not more than 35,000 bbls

35,000,000

Over 35,000 but not more than 70,000 bbls

70,000,000

Over 70,000 but not more than 105,000 bbls

105,000,000

Over 105,000 bbls

150,000,000

(3) The Director may determine that you must demonstrate an amount of OSFR greater than the amount in paragraphs (b)(1) and (2) of this section based on the relative operational, environmental, human health, and other risks that your COF poses. The Director may require an amount that is one or more levels higher than the amount indicated in paragraph (b)(1) or (2) of this section for your COF. The Director will not require an OSFR demonstration that exceeds $150 million.

(4) You must demonstrate OSFR in the lowest amount specified in the applicable table in paragraph (b)(1) or (2) of this section for a facility with a potential worst case oil-spill discharge of 1,000 bbls or less if the Director notifies you in writing that the demonstration is justified by the risks of the potential oil-spill discharge.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 30. Mineral Resources § 30.553.13 How much OSFR must I demonstrate? - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-553-13/

Read this complete Code of Federal Regulations Title 30. Mineral Resources § 30.553.13 How much OSFR must I demonstrate? on Westlaw

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