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The Strategic Petroleum Reserve Project Management Office of the U. S. Department of Energy is requesting interested and qualified firms to submit proposals and compete for the award of a contract to manage and operate the SPR facilities in Louisiana and Texas. The contract resulting from this RFP will be a Management and Operating contract as defined in Federal Acquisition Regulation Part 17.6 and DOE Acquisition Regulation part 917.6. The objective of this RFP is to select the offeror best capable of managing and operating the SPR.
Click the View More button to view the M&O Contract Recompete Reading Room.
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Established in 1975 in the aftermath of the OPEC oil embargo, the Strategic Petroleum Reserve was originally intended to hold at least 750 million barrels of crude oil as an insurance policy against future supply cutoffs. Today's design capacity is 714 million barrels. An approved mechanism for acquiring crude oil is through direct purchase.
Click the View More button to view Active and Archived Crude Oil Purchases.
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Section 161 of the Energy Policy and Conservation Act (EPCA) gives authority to the President under specified conditions to direct the Secretary of Energy to conduct a public sale of oil from the Strategic Petroleum Reserve. DOE sells SPR Crude Oil in a competitive auction to the highest bidder. The Department may initiate a sale to respond to a severe energy supply interruption, to prevent or address lesser supply shortages, or to conduct evaluations of drawdown and sales procedures.
Click the View More button to view Active and Archived Crude Oil Sales.
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The U.S. can release and acquire SPR crude oil through a mechanism known as an Exchange. In an exchange, an entity (usually an oil refiner) borrows SPR crude oil for a short time period due to exigent circumstances and later replaces it in full, along with a premium of an additional quantity of oil. Exchanges usually occur during severe weather events, such as Hurricanes or in response to temporary disruptions, such as pipeline blockages and ship channel closures when a facilities normal scheduled deliveries are interrupted.
Click the View More button to view Active and Archived Crude Oil Exchanges.
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The U.S. Department of Energy has developed an online Crude Oil Sales Offer Program (COSOP) for emergency sales of crude oil from the Strategic Petroleum Reserve. The application provides users with the ability to submit offers for oil sales conducted by the U.S. Strategic Petroleum Reserve. The application is available only to registered users. If an unregistered user attempts to login, they will be prompted to register.
Click the View More button to access the SPR’s COSOP application.
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In 2012, The Department of Energy (DOE) created the Northeast Gasoline Supply Reserve (NGSR) following Superstorm Sandy’s catastrophic damage to refineries and terminals in New York harbor. The emergency stockpile created a buffer large enough to allow commercial operators to compensate for the initial impacts of interruptions in their supply, but not so large as to dissuade the companies from maintaining stock levels sufficient to respond to routine disruptions or to recognize that increasing prices are an indicator that more supply is needed. On May 21, 2024, the DOE announced the sale and liquidation of the NGSR per the Consolidated Appropriations Act. On July 2, 2024, DOE announced contracts were awarded to 5 companies. As of this date, the NGSR is no longer in existence.
Click the View More button to view Archived NGSR Sales.
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The Strategic Petroleum Reserve Project Management Office of the U. S. Department of Energy is requesting interested and qualified firms to submit proposals and compete for the award of a contract to manage and operate the SPR facilities in Louisiana and Texas. The contract resulting from this RFP will be a Management and Operating contract as defined in Federal Acquisition Regulation Part 17.6 and DOE Acquisition Regulation part 917.6. The objective of this RFP is to select the offeror best capable of managing and operating the SPR.
Click the View More button to view the M&O Contract Recompete Reading Room.
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Established in 1975 in the aftermath of the OPEC oil embargo, the Strategic Petroleum Reserve was originally intended to hold at least 750 million barrels of crude oil as an insurance policy against future supply cutoffs. Today's design capacity is 714 million barrels. An approved mechanism for acquiring crude oil is through direct purchase.
Click the View More button to view Active and Archived Crude Oil Purchases.
|
Section 161 of the Energy Policy and Conservation Act (EPCA) gives authority to the President under specified conditions to direct the Secretary of Energy to conduct a public sale of oil from the Strategic Petroleum Reserve. DOE sells SPR Crude Oil in a competitive auction to the highest bidder. The Department may initiate a sale to respond to a severe energy supply interruption, to prevent or address lesser supply shortages, or to conduct evaluations of drawdown and sales procedures.
Click the View More button to view Active and Archived Crude Oil Sales.
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The U.S. can release and acquire SPR crude oil through a mechanism known as an Exchange. In an exchange, an entity (usually an oil refiner) borrows SPR crude oil for a short time period due to exigent circumstances and later replaces it in full, along with a premium of an additional quantity of oil. Exchanges usually occur during severe weather events, such as Hurricanes or in response to temporary disruptions, such as pipeline blockages and ship channel closures when a facilities normal scheduled deliveries are interrupted.
Click the View More button to view Active and Archived Crude Oil Exchanges.
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The U.S. Department of Energy has developed an online Crude Oil Sales Offer Program (COSOP) for emergency sales of crude oil from the Strategic Petroleum Reserve. The application provides users with the ability to submit offers for oil sales conducted by the U.S. Strategic Petroleum Reserve. The application is available only to registered users. If an unregistered user attempts to login, they will be prompted to register.
Click the View More button to access the SPR’s COSOP application.
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In 2012, The Department of Energy (DOE) created the Northeast Gasoline Supply Reserve (NGSR) following Superstorm Sandy’s catastrophic damage to refineries and terminals in New York harbor. The emergency stockpile created a buffer large enough to allow commercial operators to compensate for the initial impacts of interruptions in their supply, but not so large as to dissuade the companies from maintaining stock levels sufficient to respond to routine disruptions or to recognize that increasing prices are an indicator that more supply is needed. On May 21, 2024, the DOE announced the sale and liquidation of the NGSR per the Consolidated Appropriations Act. On July 2, 2024, DOE announced contracts were awarded to 5 companies. As of this date, the NGSR is no longer in existence.
Click the View More button to view Archived NGSR Sales.
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