View Information Collection Request (ICR) Package

OMB Control No: 1010-0114	ICR Reference No: 202008-1010-003
Status: Historical Inactive	Previous ICR Reference No: 201910-1010-002
Agency/Subagency: DOI/BOEM	Agency Tracking No: 1082-AA02/Financial Assurance
Title: 30 CFR 550, Subpart A, General, and Subpart K, Oil and Gas Production Requirements (Risk Management, Financial Assurance and Loss Prevention Notice of Proposed Rulemaking)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 01/04/2021
Retrieve Notice of Action (NOA)	Date Received in OIRA: 10/16/2020
Terms of Clearance: In accordance with 5 CFR 1320, OMB is filing comment and withholding approval at this time. The agency shall examine public comment in response to the proposed rulemaking and will include in the supporting statement of the next ICR—which is to be submitted to OMB at the final rule stage—a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2023	36 Months From Approved	05/31/2023
Responses	5,302	0	5,302
Time Burden (Hours)	18,323	0	18,323
Cost Burden (Dollars)	165,492	0	165,492

Abstract: BOEM has recognized the need to develop a comprehensive program to help in identifying, prioritizing, and managing the financial risks associated with oil and gas activities on the OCS. BOEM’s goal for this program is to protect American taxpayers from exposure to financial or environmental risks from nonperformance of obligations associated with OCS leases and grants while also assuring that its financial assurance program does not negatively impact offshore investment or operations. The Department of the Interior (the Department), acting through BOEM and BSEE, proposes to streamline its evaluation criteria for determining whether oil, gas and sulfur lessees, right-of-use and easement (RUE) grant holders, and pipeline right-of-way grant holders may be required to provide bonds or other security above the prescribed amounts for base bonds to ensure compliance with their Outer Continental Shelf (OCS) obligations. BOEM’s portion of the proposed rule would also remove restrictive provisions for third-party guarantees and decommissioning accounts, and would add new criteria under which additional bonds and third-party guarantees may be cancelled.

Authorizing Statute(s): US Code: 43 USC 1331 et seq. + 1801 et seq. Name of Law: Outer Continental Shelf Lands Act
US Code: 31 USC 9701 Name of Law: Independent Offices Appropriations Act

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1082-AA02	Proposed rulemaking	85 FR 65904	10/16/2020

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

Annual Cost to Federal Government: $1,003,166

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Anna Atkinson 202 912-7438 amatkinson@blm.gov

View ICR - OIRA Conclusion