Oil Spill Financial Responsibility Adjustment of the Limit of Liability for Offshore Facilities
offshore-energy · Bureau of Ocean Energy Management · Published 2023-04-14 · Effective 2023-05-15 · 88 FR 22910
Document
Document number
2023-07931
Federal Register citation
88 FR 22910
CFR reference
30 CFR 553
Type
Rule
Action
Final rule.
Category
offshore-energy
Sub-agency
Bureau of Ocean Energy Management
Publication date
2023-04-14
Effective date
2023-05-15
Interior docket
Docket ID: BOEM-2023-0002
Abstract
The Bureau of Ocean Energy Management issues this final rule to adjust the offshore facility limit of liability for damages under the Oil Pollution Act of 1990 (OPA) to reflect the increase in the Consumer Price Index (CPI) since 2016. This rule increases the OPA offshore facility limit of liability for damages from $137,659,500 to $167,806,900. In addition to damages, responsible parties continue to be liable for all removal costs associated with any oil spill or discharge.