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Environmental
Monitoring Oil
Spill Financial Responsibility To
ensure that each offshore owner/operator has funds available to
carry out the response and cleanup activities identified in
their Oil Spill Contingency Plan (OSCP), the BOEMRE requires that
they post a bond with the agency. Bonding requirements range
from $10,000,000 up to $150,000,000 based on the worst-case
discharge volume.
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