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Houston (10 May 2017) – Included in today’s Customs Bulletin, the U.S. Customs and Border Protection (CBP) announced it has withdrawn its proposed action relating to modifications and revision of the Jones Act rulings. In response, IADC President Jason McFarland issued the following statement:
“IADC is pleased with today’s CBP notice. The now-withdrawn proposal offered a new interpretation of decades-old customs rulings and created uncertainty by potentially reclassifying as “merchandise” much of the drilling equipment used in the U.S. Gulf of Mexico. IADC partnered with other industry associations to submit comments to CBP, along with a separate stand-alone comment letter because we believed that the proposed modifications would erect a significant obstacle to the work of offshore drilling contractors. Thus, we thank CBP for its careful consideration of all submitted comments and look forward to working with the agency as an educative resource on this matter and all others pertaining to the offshore drilling industry.”
Since 1940, the International Association of Drilling Contractors (IADC) has exclusively represented the worldwide oil and gas drilling industry. IADC’s mission is to catalyze improved performance for the drilling industry by enhancing operational integrity and championing better regulation to facilitate safer, cleaner and more efficient drilling operations worldwide. For more information, visit the IADC website at www.iadc.org.