Strategic Petroleum Reserve. Quarterly report

Technical Report · Wed Feb 15 04:00:00 EST 1984

OSTI ID:5226863

This quarterly report is presented in five sections. The introduction briefly discusses the Strategic Petroleum Reserve (SPR) program background and report requirements. Site development is described in Section II and a report on oil acquisition activities is contained in Section III. Problems with oil acquisition and storage are discussed in Section IV. Section V contains information on the budget and cost of the Reserve. During the fourth quarter of 1983, the total inventory of oil stored in the SPR reached 379,088,828 barrels, more than half the program storage goal of 750 million barrels. The average fill rate for the calendar year 1983 was approximately 233,594 barrels per day. The Department of Energy continued to take advantage of favorable market conditions for the purchase of oil to fill available SPR storage capacity. The SPR was filled at a rate of 196,651 barrels per day during the calendar quarter ending December 31, 1983, and the weighted average delivered price of crude oil during this period was $30.59 per barrel. The projected fill rate for the calendar quarter January 1, 1984 to March 31, 1984, is approximately 175,000 barrels per day. The projected fill rate for FY 1984 is 186,000 barrels per day. A successful drawdown exercise involving the movement of just over one million barrels of oil from underground caverns to aboveground facilities was conducted at the Bryan Mound site, November 3-4, 1983. This drawdown of more than one-million-barrels in one day exceeded the test objective of 900,000 barrels. 2 tables.

• Research Organization: USDOE Assistant Secretary for Fossil Energy, Washington, DC. Strategic Petroleum Reserve
• OSTI ID: 5226863
• Report Number(s): DOE/FE-0037; ON: DE84007763
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
024000* -- Petroleum-- Storage-- (-1989)
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
BUDGETS
CAPACITY
CAVITIES
COST
DRAWDOWN
ENERGY SOURCES
FOSSIL FUELS
FUELS
INVENTORIES
PETROLEUM
PRICES
PROCUREMENT
RESERVES
RESOURCES
SALT CAVERNS
STORAGE
STRATEGIC PETROLEUM RESERVE
UNDERGROUND STORAGE