Oil Reserve:

Status of Strategic Petroleum Reserve Activities as of March 31, 1987

RCED-87-135FS: Published: May 14, 1987. Publicly Released: Jun 26, 1987.

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In response to a congressional request, GAO reported on the Department of Energy's (DOE) progress in developing, operating, and filling the Strategic Petroleum Reserve (SPR) during the second quarter of fiscal year (FY) 1987.

GAO found that: (1) as of March 31, 1987, the SPR inventory totalled 520 million barrels of crude oil; (2) during the quarter, DOE added 8.4 million barrels at an average rate of 93,575 barrels per day; (3) DOE planned to purchase both imported and domestic crude oil during the remainder of FY 1987; (4) several SPR sites completed inspection and testing for pipeline deterioration and undertook corrective action; (5) an equipment exercise at the Weeks Island, Louisiana site revealed significant operational problems; and (6) DOE conducted a major security exercise which met basic objectives.

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