Crude Oil Purchase
Closed Solicitation Posted
This opportunity was awarded. See its 2 award notices in the notice history.
- Solicitation number
- 89243524RCR000008
- 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
This solicitation seeks to purchase approximately three million barrels of sour crude oil produced in the United States for the Strategic Petroleum Reserve. The Department of Energy Office of Fossil Energy is procuring this crude oil to meet its storage requirements. Offerors must be able to supply the specified quantity and type of crude oil by the due date of November 1, 2023. Proposals will be evaluated based on price, supplier experience and reliability, and other standard commercial terms.
There is no set-aside designation for this requirement. The primary NAICS code is 211111 and PSC code is 4810. As this is an open market procurement, there are no incumbent or current contractors. The estimated total value will depend on market prices for sour crude oil at time of delivery but may range from $150-250 million based on current prices. The crude oil must be delivered to the Strategic Petroleum Reserve sites located in Texas and Louisiana by the due date.
Notice text
Purchase of Approximately Three (3) Million Barrels of US Produced Sour Crude Oil for the Strategic Petroleum Reserve
Notice history
| Notice | Type | Posted |
|---|---|---|
| Purchase of Approximately Three (3) Million Barrel | Award Notice | |
| Purchase of Approximately Three (3) Million Barrels of US Produced Sour Crude Oil for the Strategic Petroleum Reserve | Award Notice | |
| This notice | Solicitation |
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