Turbine fuel, aviation
Ended Awarded
- Contract number
- 0004
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916 Part of Hyundai Heavy Industries Co., LTD.
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $926,321
Award facts
- Contract value 100% obligated
- $926,320.80 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 324110 Petroleum Refineries
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 14 offers Negotiated Proposal / Quote
- Pricing
- Fixed Price with Economic Price Adjustment
- Place of performance
- South Korea
Award details come from SAM.gov/FPDS.
About this award
This is a delivery order contract awarded by the Defense Logistics Agency (DLA) Energy to HD Hyundai Oilbank Co., LTD, a South Korean-based foreign-owned, for-profit organization that specializes in petroleum product supply, particularly aviation turbine fuels for the U.S. Department of Defense. The contract, valued at $926,320.80, is for the delivery of Turbine Fuel, Aviation (8502840426) to locations in South Korea.
The contract is not set aside for any specific business category. HD Hyundai Oilbank has been consistently awarded high-value Indefinite Delivery Contracts (IDVs) by DLA Energy, including the WESTPAC (Western Pacific) and FEB (Far East Bulk) programs, which have ceiling values ranging from $9.7 million to $25.1 million. These IDVs allow DLA Energy to issue multiple fixed-price delivery orders for petroleum products, including naval distillate, turbine fuels with and without additives, to be transported via various modes.
The parent company of HD Hyundai Oilbank is Hyundai Heavy Industries Co., LTD, another South Korean company. The consistent awarding of these contracts to HD Hyundai Oilbank underscores its reliability and strategic importance as a key energy supplier to the U.S. Department of Defense in supporting its global military operations and logistics requirements.
Quick answers
Who was awarded contract 0004?
0004 was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on January 14, 2016.
How much is contract 0004 worth?
The government has obligated $926,321 on 0004.
Is contract 0004 an order under another contract?
Yes. 0004 is a delivery order under SPE60016D0454, an indefinite delivery contract.
Was contract 0004 competed?
The extent of competition for 0004 was full and open competition. The government received 14 offers.
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