RIK Phase IVd

The Department of Energy is soliciting offers for the exchange of up to 6,900,000 barrels of Royalty Oil produced from Federal offshore leases in the Gulf of Mexico and delivered to the specified Market Center for crude oil (Exchange Oil) to be delivered to the Strategic Petroleum Reserve (SPR). The delivery period of the Royalty Oil to be exchanged will be for a nine-month period, with initial delivery commencing April 1, 2009 and ending no later than December 31, 2009. Deliveries of Exchange Oil to the SPR will commence on or after May 1, 2009 and must be completed by January 31, 2010. Closing date for receipt of offers is January 14, 2009, at 1100 hours (11:00 a.m.) local New Orleans, LA time.  Projected award date is January 16, 2009.


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