# 30 CFR § 556.500: Once qualified, how do I submit a bid?

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-30-556.500

## Section

- **Citation:** 30 CFR § 556.500
- **Heading:** Once qualified, how do I submit a bid?
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** 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 FINANCIAL ASSURANCE REQUIREMENTS IN THE OUTER CONTINENTAL SHELF > Subpart E—Issuance of a Lease > How To Bid

## Text

(a) You must submit a separate sealed bid for each tract or bidding unit to the address provided and by the time specified in the final notice of sale. You may not bid on less than an entire tract or bidding unit.
(b) BOEM requires a deposit for each bid. The final notice of sale will specify the amount and method of payment.
(c) Unless otherwise specified in the final notice of sale, the bid deposit amount will be 20 percent of the amount of the bid for any given tract or bidding unit.
(d) You may not submit a bid on an OCS tract if, after notice and hearing under section 8(d) of OCSLA (43 U.S.C. 1337(d)), the Secretary finds that you are not meeting the diligence requirements on any OCS lease.
(e) If the authorized officer within BOEM rejects your high bid, the decision is final for the Department, subject only to reconsideration upon your written request as set out in § 556.517.

## Nearby sections

- [30 CFR § 556.500 § 556.500 Once qualified, how do I submit a bid?](https://www.frixlaw.com/law-library/statutes/ecfr-30-556.500.md)
- [30 CFR § 556.501 § 556.501 What information do I need to submit with my bid?](https://www.frixlaw.com/law-library/statutes/ecfr-30-556.501.md)
- [30 CFR § 556.511 § 556.511 Are there restrictions on bidding with others and do those restrictions affect my ability to bid?](https://www.frixlaw.com/law-library/statutes/ecfr-30-556.511.md)
- [30 CFR § 556.512 § 556.512 What bids may be disqualified?](https://www.frixlaw.com/law-library/statutes/ecfr-30-556.512.md)
- [30 CFR § 556.513 § 556.513 When must I file a statement of production?](https://www.frixlaw.com/law-library/statutes/ecfr-30-556.513.md)
- [30 CFR § 556.514 § 556.514 How do I determine my production for purposes of the restricted joint bidders list?](https://www.frixlaw.com/law-library/statutes/ecfr-30-556.514.md)
- [30 CFR § 556.515 § 556.515 May a person be exempted from joint bidding restrictions?](https://www.frixlaw.com/law-library/statutes/ecfr-30-556.515.md)
- [30 CFR § 556.516 § 556.516 What does BOEM do with my bid?](https://www.frixlaw.com/law-library/statutes/ecfr-30-556.516.md)
- [30 CFR § 556.517 § 556.517 What may I do if my high bid is rejected?](https://www.frixlaw.com/law-library/statutes/ecfr-30-556.517.md)
- [30 CFR § 556.520 § 556.520 What happens if I am the successful high bidder and BOEM accepts my bid?](https://www.frixlaw.com/law-library/statutes/ecfr-30-556.520.md)
- [30 CFR § 556.521 § 556.521 When is my lease effective?](https://www.frixlaw.com/law-library/statutes/ecfr-30-556.521.md)
- [30 CFR § 556.522 § 556.522 What are the terms and conditions of the lease and when are they published?](https://www.frixlaw.com/law-library/statutes/ecfr-30-556.522.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-30-556.500. Check the current official text before relying on it. Not legal advice.