Form BOEM-1023 Financial Guarantee

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Form BOEM-1023 Financial Guarantee

What Is Form BOEM-1023?

This is a legal form that was released by the U.S. Department of the Interior - Bureau of Ocean Energy Management on January 1, 2020 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form BOEM-1023?
A: Form BOEM-1023 is a document used to establish a financial guarantee for offshore energy activities in the United States.

Q: What is a financial guarantee?
A: A financial guarantee is a promise by an entity to assume responsibility for certain financial obligations.

Q: Who needs to submit Form BOEM-1023?
A: Operators of offshore energy activities in the United States are required to submit Form BOEM-1023.

Q: What information is required on Form BOEM-1023?
A: Form BOEM-1023 requires information about the operator, the type of activity, and the financial guarantee being provided.

Q: Why is a financial guarantee required?
A: A financial guarantee is required to ensure that operators have the financial resources to cover the costs of decommissioning or other obligations.

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Form Details:

  • Released on January 1, 2020;
  • The latest available edition released by the U.S. Department of the Interior - Bureau of Ocean Energy Management;
  • Easy to use and ready to print;
  • Yours to fill out and keep for your records;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form BOEM-1023 by clicking the link below or browse more documents and templates provided by the U.S. Department of the Interior - Bureau of Ocean Energy Management.

Download Form BOEM-1023 Financial Guarantee

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