Oil Reserve:

Status of Strategic Petroleum Reserve Activities as of June 30, 1986

RCED-86-205: Published: Jul 25, 1986. Publicly Released: Aug 1, 1986.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO discussed the Department of Energy's (DOE) progress in developing, filling, and operating the Strategic Petroleum Reserve (SPR) as of June 30, 1986.

GAO found that: (1) although the administration had planned no revisions to the moratorium-based 1987 SPR budget, DOE informally provided documentation on its revised 1986 and 1987 funding needs to Congress; (2) DOE estimated that for 1987, it would need appropriations of $108.6 million with no leaching, and $147.4 million if it resumed leaching; (3) as of June 30, 1986, DOE planned to stop oil fill at 503 million barrels; (4) DOE added 4.9 million barrels of crude oil to SPR, which brought the inventory level to 501.8 million barrels; (5) during the quarter, unpaid obligations totalled $63 million and unobligated funds available for oil purchases totalled $590 million; (6) after delays resulting from attempted deferrals and imposition of a moratorium on development, DOE resumed construction and oil distribution enhancement activities at two SPR sites; (7) various contracts for SPR operation and foreign oil purchases were nearing their expiration or option-renewal dates; (8) the first award-fee payment to an SPR management, operations, and maintenance contractor was based on an overall satisfactory performance rating; and (9) DOE had taken or planned various corrective actions for improving future SPR sales as a result of its assessment of oil drawdown and sale exercises.

Oct 15, 2020

Jul 24, 2020

Jun 24, 2020

Jun 9, 2020

May 13, 2020

May 12, 2020

Apr 29, 2020

  • energy icon, source: Art Explosion

    Priority Open Recommendations:

    Department of Energy
    GAO-20-285PR: Published: Apr 22, 2020. Publicly Released: Apr 29, 2020.

Apr 17, 2020

Mar 11, 2020

Mar 4, 2020

Looking for more? Browse all our products here