Oil Spill Financial Responsibility for Offshore Facilities

This final regulation establishes new requirements for demonstrating oil spill financial responsibility (OSFR) for removal costs and damages caused by oil discharges and substantial threats of oil discharges from oil and gas exploration and production facilities and associated pipelines. This rule applies to the Outer Continental Shelf (OCS), State waters seaward of the line of ordinary low water along that portion of the coast that is in direct contact with the open sea, and certain coastal inland waters. This rule implements the authority of the Oil Pollution Act (OPA) of 1990.