oil
BSEE says offshore operators could save $36,000 a year
BSEE says eliminating some alternate compliance requests would cut compliance costs for oil, gas and sulfur operators. Over 10 years, the savings total about $361,000 undiscounted.
A BSEE rule change would reduce paperwork tied to alternate compliance requests on the federal Outer Continental Shelf. The agency says the move is meant to lower costs, not relax the core rules that govern offshore work.
- BSEE would drop some alternate compliance requests
- The agency says offshore safety rules stay in place
- Estimated savings: just over $36,000 a year
- On the federal Outer Continental Shelf, the Bureau of Safety and Environmental Enforcement wants to take one small task off offshore operators’ desks
- The proposal would eliminate the need for some alternate compliance requests, or ACRs, and BSEE says that would reduce a paperwork burden without changing the basic safety and operations framework
On the federal Outer Continental Shelf, the Bureau of Safety and Environmental Enforcement wants to take one small task off offshore operators’ desks. The proposal would eliminate the need for some alternate compliance requests, or ACRs, and BSEE says that would reduce a paperwork burden without changing the basic safety and operations framework.
For companies running oil, gas and sulfur work offshore, that means fewer filings for a rulebook that already leans on outside technical documents to spell out compliance.
The bill for the paperwork
BSEE estimates the change would save industry just over $36,000 a year. Over 10 years, the savings would total about $361,000 before discounting, or roughly $308,000 using a 3% discount rate and $253,000 using a 7% rate.
- About $36,000 in annual savings
- About $361,000 over 10 years, undiscounted
- Roughly $308,000 at a 3% discount rate and $253,000 at 7%