Crude Oil Purchase
Closed Solicitation Posted
- Solicitation number
- 89243524RCR000020
- 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 approximately one million five hundred thousand (1.5MMB) barrels of sour crude oil produced in the United States for the Strategic Petroleum Reserve. Proposals are due no later than March 26, 2024 and will be evaluated based on price, quality specifications of the crude oil, and 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 contractors include major oil producers operating in the Gulf Coast region with existing infrastructure for offshore crude storage and delivery. The total value of this contract action is estimated to be within the range of $150-200 million based on current market prices for sour crude. The crude oil must be delivered to the Strategic Petroleum Reserve facilities located in Texas and Louisiana no later than June 30, 2024. Place of performance will be at offshore and onshore locations within crude oil production and storage infrastructure in the Gulf Coast area.
Notice text
Purchase of Approximately One Million and Five Hundred Thousand Barrels (1.5MMB) of US Produced Sour Crude Oil for the Strategic Petroleum Reserve
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