Crude Oil Purchase
Closed Solicitation Posted
- Solicitation number
- 89243524RCR000007
- Agency
-
Office of Fossil Energy
Department of Energy
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 424720 Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
- PSC
- 9999 Miscellaneous Items
- More information
Notice details come from SAM.gov. Updated .
About this opportunity
The Department of Energy Office of Fossil Energy is seeking to purchase approximately three million barrels of sour crude oil produced in the United States for the Strategic Petroleum Reserve. Proposals are due no later than October 24, 2023 and will be evaluated based on price, quality specifications of the crude oil, and the ability to deliver the required volumes over the next six months.
There is no set-aside designation for this procurement. The primary NAICS code is 211111 and PSC code is 4810, with potential incumbent suppliers being major oil producers operating in the Gulf Coast region. The estimated contract value is between $150-200 million based on current market prices for sour crude. Delivery of the full three million barrels must be completed by March 31, 2024 to the Strategic Petroleum Reserve sites located in Texas and Louisiana.
Notice text
Purchase of Approximately Three (3) Million Barrels of US Produced Sour Crude Oil for the Strategic Petroleum Reserve
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