![]() |
Code of Federal Regulations (Last Updated: July 5, 2024) |
![]() |
Title 30 - Mineral Resources |
![]() |
Chapter V - Bureau of Ocean Energy Management, Department of the Interior |
![]() |
SubChapter B - Offshore |
![]() |
Part 556 - Leasing of Sulfur or Oil and Gas and Bonding Requirements in the Outer Continental Shelf |
![]() |
Subpart D - Qualifications |
§ 556.403 - Under what circumstances may I be disqualified from acquiring a lease or an interest in a lease on the OCS?
-
§ 556.403 Under what circumstances may I be disqualified from acquiring a lease or an interest in a lease on the OCS?
You may be disqualified from acquiring a lease or an interest in a lease on the OCS if:
(a) You or your principals are excluded or disqualified from participating in a transaction covered by Federal non-procurement debarment and suspension (2 CFR parts 180 and 1400), unless the Department explicitly approves an exception for a transaction pursuant to the regulations in those parts;
(b) The Secretary finds, after notice and hearing, that you or your principals (including in the meaning of “you,” for purposes of this subparagraph, a bidder or prospective bidder) fail to meet due diligence requirements or to exercise due diligence under section 8(d) of OCSLA (43 U.S.C. 1337(d)) on any OCS lease; or
(c) BOEM disqualifies you from acquiring a lease or an interest in a lease on the OCS based on your unacceptable operating performance. BOEM will give you adequate notice and opportunity for a hearing before imposing a disqualification, unless BSEE has already provided such notice and opportunity for a hearing.
[81 FR 34275, May 31, 2016]