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BOEMNonrulemakingBOEM-2014-0119

Bid Adequacy Procedures: Procedural Change and Clarification of Definitions

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American Petroleum Institute filed 1 comment on this docket between Dec 5, 2014 and Dec 5, 2014. 0 other organizations filed here. The comment window closed 4257d ago.

What American Petroleum Institute filed (1)

Dec 5, 2014· Comment from Andy Radford, American Petroleum Institute· BOEM-2014-0119-0003

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Abstract

The Bureau of Ocean Energy Management (BOEM) is giving notice of its intent to change a criterion and to clarify selected definitions in its existing Bid Adequacy Procedures for ensuring receipt of Fair Market Value (FMV) on Outer Continental Shelf (OCS) oil and gas leases. In particular, BOEM proposes to remove the ‘‘Number of Bids Rule’’ that is currently applicable in Phase 1 of the Bid Adequacy Procedures.

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