§ 553.13 How much OSFR must I demonstrate?
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Title 30—Mineral Resources > CHAPTER V—BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR > SUBCHAPTER B—OFFSHORE > PART 553—OIL SPILL FINANCIAL RESPONSIBILITY FOR OFFSHORE FACILITIES > Subpart B—Applicability and Amount of OSFR
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(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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