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U.S. Department Of Energy·Louisiana

Crude Oil Purchase

Closes 10/28/2025$60M – $100MRequest for Proposal
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Description

The Strategic Petroleum Reserve is seeking to purchase approximately one million barrels of US-produced sour crude oil. The purchase is intended to replenish the reserve. Key aspects of the job include the sourcing and delivery of the crude oil. The successful bidder will be responsible for supplying the oil, and the contract will be awarded based on the bid price and other factors. • The purchase is for approximately one million barrels of US-produced sour crude oil. • The oil will be used to replenish the Strategic Petroleum Reserve. • The successful bidder will be responsible for sourcing and delivering the crude oil. • The contract will be awarded based on the bid price and other factors.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Roark, Mary C.

[email protected]

(504) 734-4195

Key dates

Opened
10/21/2025
Closes
10/28/2025

Last updated

Details

Type
Request for Proposal
Industry
Energy and Utilities
NAICS
424720
Solicitation №
89243525RCR000033

Budget estimate

$60,000,000 – $100,000,000

The budget for this contract can be estimated based on the current market price of crude oil. Assuming an average price of $80 per barrel, the total budget for one million barrels would be approximately $80,000,000. However, this is a rough estimate and the actual budget may vary depending on the bid price and other factors. The low end of the estimate could be around $60,000,000, and the high end could be around $100,000,000, considering fluctuations in oil prices.

AI estimate from the solicitation

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