Strategic Petroleum Reserve quarterly report

Technical Report · Fri Aug 15 04:00:00 EDT 1986

OSTI ID:5441973

The August 15, 1985, Strategic Petroleum Reserve Quarterly Report describes activities undertaken with respect to the development of the Reserve during the period April 1, 1986 through June 30, 1986. The introduction and summary briefly discuss program background and major activities of this quarter. Section II describes site development. Oil acquisition activities are reported in Section III. Other program topics are discussed in Section IV. Information on the budget and cost of the Reserve is contained in Section V. On April 11, 1986, the Department of Energy announced its decision to restart construction at the Big Hill and Bayou Choctaw sites and to spend nearly $157 million of construction funds that had been proposed for deferral. At the end of the third quarter of FY 1986, the Strategic Petroleum Reserve's total storage capacity was approximately 510 million barrels. Cavern development or leaching at Bryan Mound is approximately 96 percent complete and is approximately 82 percent complete at West Hackberry. At Big Hill, construction of the central facilities, leaching systems, instrumentation for the first five caverns, and the raw water intake structure which will provide fresh water to the site for cavern leaching is complete. Water, brine and oil pipelines construction contracts were awarded in May 1986, and the site construction for the remaining onsite facilities is scheduled for award in August 1986. The total inventory of oil stored in the Strategic Petroleum Reserve reached 501,786,899 barrels during the quarter ending June 30, 1986. On July 2, 1986, the President signed the Urgent Supplemental Appropriations Act, 1986 (P.L. 99-349), which directed the release of approximately $578 million of deferred SPR Petroleum Account funds and approximately $41 million of deferred Strategic Petroleum Reserve Account funds.

• Research Organization: USDOE Assistant Secretary for Fossil Energy, Washington, DC. Office of the Deputy Assistant Secretary for Petroleum Reserves
• OSTI ID: 5441973
• Report Number(s): DOE/FE-0069; ON: DE86015572
• 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
ENERGY SOURCES
FEDERAL REGION VI
FOSSIL FUELS
FUELS
INVENTORIES
LOUISIANA
MANAGEMENT
NORTH AMERICA
PETROLEUM
PROCUREMENT
PROGRAM MANAGEMENT
RESERVES
RESOURCES
SALT CAVERNS
STORAGE
STRATEGIC PETROLEUM RESERVE
TEXAS
UNDERGROUND STORAGE
USA