BP Can Bid In Gulf Lease Sale, Despite Contracting Ban

Law360, New York (March 15, 2013, 1:52 PM EDT) -- BP PLC will be allowed to bid in this week’s Gulf of Mexico lease sale, even though the company remains barred from government contracting due to its role in the Deepwater Horizon oil spill, the U.S. Department of the Interior said Thursday.

In a notice, the Bureau of Ocean Energy Management said it would accept and review bids from the British oil giant — a process that takes about 90 days — but won’t award any leases if BP is still under suspension when it makes...
To view the full article, register now.