The US Environmental Protection Agency (EPA) lifted its suspension on Houston-based W&T Offshore Wednesday.
The EPA also removed the debarment and the statutory disqualification it imposed in 2013.
The suspension took effect after W&T was found guilty of environmental violations at its Banks 910 platform in the Gulf of Mexico.
In 2013, a US District Court judge found W&T guilty of one felony count for tampering with records required to be kept under the Clean Water Act and one misdemeanor violation for negligence when discharging oil into US waters.
W&T was ordered to pay $1 million.
With the suspensions lifted, the company can now bid on federal projects as long as it complies with its existing plea agreement.
W&T, an independent oil and gas producer with onshore and offshore projects, can fully participate in future federal contracts, including future federal oil and gas leases, assistance activities and federal oil and gas leasing activities.
“This decision demonstrates W&T’s dedication to compliance and prudent operations in the Gulf of Mexico. We take our responsibility to protect the environment and the safety of our employees and contractors very seriously,” Chairman and CEO Tracy W. Krohn said.