Strategic petroleum reserve trial purchase of up to one (1) million barrels of sweet crude oil produced in the united states by united states producers
Ended Definitive Contract Awarded Last action
- Contract number
- 89243520CFE000014
- Awardee
-
Shell Trading (Us) Company UEI DYCPW6JQRHT7
- Awarding agency
-
Office of Fossil Energy
Department of Energy
- Obligated
- $4,930,149
Award facts
- Opportunity
-
- Crude Oil Purchase Solicitation · 89243520RFE000016 · Posted May 13, 2020
- Contract value 100% obligated
- $4,930,148.91 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 424720 Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
- PSC
- 9140 Fuel Oils
- Set-aside
- No set-aside
- Competition
- Competed under SAP · 5 offers Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Winnie, TX 77665, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$69,829 | |
| Original award | $4,999,978 |
About this award
The Department of Energy's Strategic Petroleum Reserve Project Management Office awarded a definitive contract to Shell Trading (Us) Company for a trial purchase of up to one million barrels of sweet crude oil produced in the United States. The solicitation sought offers for delivery of domestic sweet crude to the Strategic Petroleum Reserve's storage sites in Texas and Louisiana between July 1-31, 2020. Pricing was to be determined based on daily NYMEX West Texas Intermediate futures settlements with quality adjustments. Shell Trading will deliver the crude oil to the Strategic Petroleum Reserve sites in Winnie, Texas, Bryan Mound, Big Hill, and Bayou Choctaw for a firm fixed price of $4.93 million. The start date is June 5, 2020 and end date is July 31, 2020, with no set-aside designation for this acquisition to increase the Strategic Petroleum Reserve's stock of domestically-produced sweet crude oil.
Quick answers
Who was awarded contract 89243520CFE000014?
89243520CFE000014 was awarded to Shell Trading (Us) Company by Office of Fossil Energy (Department of Energy) on June 5, 2020.
How much is contract 89243520CFE000014 worth?
The government has obligated $4,930,149 on 89243520CFE000014.
Was contract 89243520CFE000014 competed?
The extent of competition for 89243520CFE000014 was competed under sap. The government received 5 offers.
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