Crude Oil Purchase
Closed Solicitation Posted
- Solicitation number
- 89243524RCR000011
- 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 seeks to purchase up to three million barrels of sour crude oil produced in the United States for the Strategic Petroleum Reserve. Offerors must be able to supply the quantity of crude oil within specifications to be evaluated. Proposals are due by December 18, 2023 with award based on best value considering price and supplier ability to meet delivery timelines.
No set-aside is designated for this procurement. The primary NAICS code is 211111 and PSC code is 4810. Potential suppliers include major oil producers operating in the Gulf Coast region with existing infrastructure to access the Reserve. The crude oil value could reach $300 million depending on market prices at time of delivery. Offerors must be prepared to deliver barrels to Reserve sites in Texas and Louisiana within six months of award.
Notice text
Purchase of Up To Three (3) Million Barrels of US Produced Sour Crude Oil for the Strategic Petroleum Reserve
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