Opportunity
Alaska Online Public Notices #224685
Alaska DNR Solicits Interest for North Slope Royalty In-Kind Oil Purchase
Posted
July 31, 2026
Respond By
August 31, 2026
Identifier
224685
NAICS
424710, 457210
The Alaska Department of Natural Resources (DNR), Division of Oil and Gas, is seeking expressions of interest from commercial refiners and other parties for the potential purchase of North Slope royalty in-kind (RIK) oil. - Government Buyer: - Alaska Department of Natural Resources (DNR), Division of Oil and Gas - Products/Services Requested: - North Slope Royalty In-Kind (RIK) Oil - Minimum contract volume: 3,000 barrels per day per year - Maximum available volume: up to 45,000 barrels per day per year - Contract term: minimum of three years - Notable Requirements: - Open to commercial refiners and other interested parties; no specific OEMs or vendors named - Possibility of a sealed-bid auction if sufficient interest is received - Priority consideration for in-state commercial petroleum processors who provide financial guarantees and propose commitments to lower in-state energy costs - Security arrangements required (e.g., letters of credit or surety bonds) - Bidders may be required to propose special commitments to support in-state processing or reduce consumer petroleum costs - Pricing based on a netback formula with a variable RIK Differential - DNR may issue a formal Invitation to Bid if there is enough market interest
Description
The Department of Natural Resources (DNR) is seeking to gauge interest among commercial refiners or other parties in acquiring North Slope royalty in-kind (RIK) oil that may become available for sale when current contracts end in late 2027 or earlier. This is a non-binding inquiry to assess potential competition and gather feedback on bidding and contractual terms. Interested parties are invited to submit written responses by August 31, 2026, and may comment on proposed auction frameworks, pricing, contract terms, and special commitments. The DNR may issue a formal Invitation to Bid and conduct a sealed-bid auction if sufficient interest is expressed.