# 30 C.F.R. § 556.403 (2026): Under what circumstances may I be disqualified from acquiring a lease or an interest in a lease on the OCS?

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_403

## Section

- **Citation:** 30 C.F.R. § 556.403 (2026)
- **Heading:** Under what circumstances may I be disqualified from acquiring a lease or an interest in a lease on the OCS?
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 30 CFR: Mineral Resources / Chapter V: BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR / Part 556: LEASING OF SULFUR OR OIL AND GAS AND FINANCIAL ASSURANCE REQUIREMENTS IN THE OUTER CONTINENTAL SHELF / Subpart D: Qualifications / § 556.403: § 556.403   Under what circumstances may I be disqualified from acquiring a lease or an interest in a lease on the OCS?

## Text

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]

## Nearby sections

- [30 C.F.R. § 556.400 (2026) § 556.400   When must I demonstrate that I am qualified to hold a lease on the OCS?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_400.md)
- [30 C.F.R. § 556.401 (2026) § 556.401   What do I need to show to become qualified to hold a lease on the OCS and obtain a qualification number?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_401.md)
- [30 C.F.R. § 556.402 (2026) § 556.402   How do I make the necessary showing to qualify and obtain a qualification number?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_402.md)
- [30 C.F.R. § 556.403 (2026) § 556.403   Under what circumstances may I be disqualified from acquiring a lease or an interest in a lease on the OCS?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_403.md)
- [30 C.F.R. § 556.404 (2026) § 556.404   What do the non-procurement debarment rules require that I do?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_404.md)
- [30 C.F.R. § 556.405 (2026) § 556.405   When must I notify BOEM of mergers, name changes, or changes of business form?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_405.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_403. Check the current official text before relying on it. Not legal advice.