[Docket No. BOEM-2012-0076]
The Bureau of Ocean Energy Management (BOEM) issued a Final Rule increasing the limit of liability for damages caused by responsible parties related to oil spills from offshore facilities, other than deepwater ports, under the Oil Spill Pollution Act of 1990. This rule adjusts the limit of liability to reflect the significant increase in the Consumer Price Index (CPI) that has taken place since 1990. It also establishes a methodology for BOEM to use to periodically adjust the OPA offshore facility limit of liability for inflation. The liability limit will increase from $75 million to $133.65 million.
This Final Rule is effective January 12, 2015. For a copy of BOEM’s Final Rule, contact Jessica Foley.