Form BOEM-2028A Outer Continental Shelf (Ocs) Mineral Lessee's or Operator's Supplemental Bond

What Is Form BOEM-2028A?

This is a legal form that was released by the U.S. Department of the Interior - Bureau of Ocean Energy Management on June 1, 2016 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form BOEM-2028A?A: Form BOEM-2028A is a supplemental bond form required for mineral lessees or operators on the Outer Continental Shelf (OCS).

Q: Who needs to fill out Form BOEM-2028A?A: Mineral lessees or operators on the Outer Continental Shelf (OCS) need to fill out Form BOEM-2028A.

Q: What is the purpose of Form BOEM-2028A?A: The purpose of Form BOEM-2028A is to provide additional financial security to the Bureau of Ocean Energy Management (BOEM) for potential liabilities associated with offshore oil and gas operations.

Q: What information is required on Form BOEM-2028A?A: Form BOEM-2028A requires information such as the lessee's or operator's name, contact information, the lease or assignment number, and the amount of the supplemental bond.

Q: Are there any fees associated with Form BOEM-2028A?A: There may be fees associated with Form BOEM-2028A, such as processing fees or annual bond premiums. These fees vary depending on the circumstances and should be discussed with the BOEM.

Q: What happens after submitting Form BOEM-2028A?A: After submitting Form BOEM-2028A, the BOEM will review the application and may request additional information or documentation. Once approved, the lessee or operator will be required to maintain the supplemental bond for the duration of their offshore operations.

Q: Can the supplemental bond amount change over time?A: Yes, the supplemental bond amount may change over time. The BOEM may periodically review the bond amount and may require adjustments based on the lessee's or operator's offshore activities.

Q: What happens if a lessee or operator fails to maintain the required supplemental bond?A: If a lessee or operator fails to maintain the required supplemental bond, the BOEM may take enforcement actions, such as requiring immediate cessation of operations or revoking the lease or assignment.

Q: Is Form BOEM-2028A applicable only to offshore oil and gas operations?A: Yes, Form BOEM-2028A is specifically tailored for offshore oil and gas operations on the Outer Continental Shelf (OCS).