Hopefully, this is not the tip of the iceberg, but most of the estimated $4.5 billion in decommissioning liabilities associated with the Cox bankruptcy loom, as do legal questions regarding liability for Platforms Hogan and Houchin Santa Barbara Channel, and the 1130 remaining pre-1997 platforms. What portion of those liabilities cannot be assigned to prior owners with sufficient financial resources to cover the decommissioning costs?
Taxpayer funded decommissioning is NOT a success story!
June 19, 2024 by offshoreenergy
Posted in California, decommissioning, energy policy, Gulf of Mexico, Offshore Energy - General | Tagged BSEE, Cox bankruptcy, Cox Operating, decommissioning, Federal funding, Matagorda Island, Platforms Hogan and Houchin | Leave a Comment
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