BOEM Boosts Monetary Penalties for Oil & Gas firms
January 10, 2025
Today, the Bureau of Ocean Energy Management (BOEM) announced a final rule that implements the 2025 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations in accordance with Federal law.
The Federal Civil Penalties Inflation Adjustment Act Improvements Act (FCPIAA Improvements Act) of 2015 requires Federal agencies to adjust the level of civil monetary penalties for inflation annually. These adjustments are intended to maintain the deterrent effect of civil penalties and to further the policy goals of the underlying statutes.
Under the FCPIAA Improvements Act, this rule adjusts the maximum civil monetary penalties per day per violation to $55,764 for violations under the Outer Continental Shelf Lands Act and $59,114 for violations under the Oil Pollution Act.
The final rule is available via the Federal Register. The adjusted penalty levels will take effect immediately upon publication of this rule.
