WASHINGTON (CN) - The Minerals Management Service has rewritten the regulations for Outer Continental Shelf oil and natural gas production requirements, "to ensure appropriate development of these natural resources."
The agency states that the primary purpose of the rule is to ensure conservation of resources, which it states is its responsibility under the Outer Continental Shelf Lands Act.
"These regulations help ensure that the American people received the maximum benefit from oil and natural gas production by maximizing the amount of oil and natural gas that is produced and marketed," according to the rule.
The rules address production rates, burning oil, and venting and flaring natural gas. The final rule eliminates most restrictions on production rates and clarifies limits on the amount of natural gas that can be flared or vented.
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