Crude Oil Purchase
Closed Solicitation Posted
This opportunity was awarded. See its 3 award notices in the notice history.
- Solicitation number
- 89243524RCR000018
- 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 March 6, 2024 and will be evaluated based on price, quality specifications of the crude oil, and the ability to deliver the full quantity within the required timeline.
There is no set-aside designation for this procurement. The primary NAICS code is 211111 and PSC code is 4810. Potential contractors include major oil producers operating in the Gulf Coast region with the capacity to deliver large volumes of sour grade crude oil via pipeline. The estimated total value of this contract is between $150-200 million based on current market prices. The crude oil must meet specific quality requirements and be delivered to Strategic Petroleum Reserve sites located in Texas and Louisiana within six months of award.
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 Barrel | Award Notice | |
| Purchase of Approximately Three (3) Million Barrel | Award Notice | |
| This notice | Solicitation |
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