FSN Waiting Period. During the period between FSN publication and the lease auction, qualified bidders must take several steps to remain eligible to participate in the auction.
FSN Waiting Period i. BFF: Each bidder must submit a BFF to BOEM to participate in the auction. BOEM must receive each BFF no later than April 11, 2022. If a bidder does not submit a BFF by this deadline, BOEM, in its sole discretion, may grant an extension to that bidder only if BOEM determines the bidder’s failure to timely submit a BFF was caused by events beyond the bidder’s control. The BFF can be downloaded at: xxxx.xxx/xxxxxxxxx-xxxxxx/xxxxx-xxxxxxxxxx/xxxxxxxx-xxxx-xxx. Once BOEM has processed a BFF, the bidder may log into xxx.xxx and submit a bid deposit. For purposes of this auction, BOEM will not consider any BFFs submitted by bidders for previous lease sales. XXXX will only accept an originally executed paper copy of the BFF. The BFF must be executed by an authorized representative listed on the bidder’s legal qualifications. Each bidder is required to sign the self-certification in the BFF, in accordance with 18 U.S.C. 1001 (Fraud and False Statements).
FSN Waiting Period. During the period between FSN publication and the lease auction, qualified bidders must take several steps to be able to participate in the auction.
i. Bidder’s Financial Form: Each bidder must submit a BFF to BOEM to participate in the auction. The BFF must include each bidder’s Conceptual Strategy for each bidding credit for which that bidder wishes to be considered. BOEM must receive each bidder’s BFF on or before September 13, 2024, and it is each bidder’s responsibility to ensure BOEM’s timely receipt of the BFF. If a bidder does not submit a BFF by this deadline, BOEM, in its sole discretion, may grant an extension to that bidder only if BOEM determines the bidder’s failure to timely submit a BFF was caused by events beyond the bidder’s control. The BFF can be downloaded at: xxxxx://xxx.xxxx.xxx/renewable-energy/state- activities/oregon. Once BOEM has processed a bidder's BFF, the bidder is allowed to log into xxx.xxx.xxx and submit a bid deposit. For purposes of this auction, BOEM will not consider BFFs submitted for previous lease sales. An original signed BFF may be mailed to BOEM's Pacific Regional Office. A signed copy of the form may be submitted in PDF format to xxxxxxxxxxxxxxxxxxx@xxxx.xxx. A faxed copy will not be accepted. BFF submissions should be accompanied by a transmittal letter on company letterhead. The BFF must be executed on paper with a wet signature or with a digital signature affixed by an authorized representative listed on the bidder’s current legal qualification card on file with BOEM, subject to 18 U.S.C. 1001 (False Statements, Concealment). Further information about the BFF can be found in the “Bidder’s Financial Form” Section VII of this notice.
ii. Bid Deposit: Once BOEM has processed a BFF and provided the appropriate information to the Office of Natural Resources Revenue (ONRR), ONRR will populate the Bid Deposit Forms and notify the bidders of access to xxx.xxx.xxx for the bid deposits. The bidder must log into xxx.xxx.xxx to submit a bid deposit. To participate in the mock auction and the monetary auction, each qualified bidder must provide a bid deposit of $2,000,000 no later than September 27, 2024. BOEM will grant extensions to this deadline only if BOEM, in its sole discretion, determines that the failure to timely submit the bid deposit was caused by events beyond the bidder’s control. Further information about bid deposits can be found in the “Bid Deposit” Section X of this notice.
