SOLICITATION NOTICE
R -- SUPPORT TO THE ORGANIZATIONAL PHASE OF THE CENTER FOR PETROLEUM ASSET RISK MANAGEMENT (CPARM)
- Notice Date
- 9/3/2003
- Notice Type
- Solicitation Notice
- Contracting Office
- 3610 Collins Ferry Road (MS-I07) P.O. Box 880 Morgantown, WV 26507-0880
- ZIP Code
- 26507-0880
- Solicitation Number
- DE-AP26-03NT30750
- Response Due
- 9/19/2003
- Archive Date
- 10/19/2003
- Point of Contact
- Robert Mohn, Contracting Officer, 412-386-4963, mohn@netl.doe.gov;Robert Mohn, Contract Specialist, 412-386-4963, mohn@netl.doe.gov
- E-Mail Address
-
Email your questions to Robert Mohn, Contract Specialist
(mohn@netl.doe.gov)
- Small Business Set-Aside
- N/A
- Description
- Description: ?Support to the organizational phase of the Center for Petroleum Asset Risk Management (CPARM)? DESC: The U.S. Department of Energy?s National Energy Technology Laboratory (NETL), Pittsburgh, PA intends to award a purchase order on a sole-source basis to The University of Texas at Austin, Center for Petroleum Asset Risk Management (CPARM)? to increase capital efficiency while reducing risk in hydrocarbon exploration and production as stated below. Statement of Work ?Support to the organizational phase of the Center for Petroleum Asset Risk Management (CPARM)? APPROACH The overall goal of the CPARM is to increase capital efficiency while reducing risk in hydrocarbon exploration and production. The CPARM is a unique public-private partnership sponsored by exploration and production companies, oilfield service companies, R&D organizations, and government agencies, with the University of Texas at Austin as the managing partner. OBJECTIVES Three units of the University have come together to create the Center; the geoscience, engineering and business units. The program elements include: - basic methods in the decision and risk analysis, - development of tools such as software, databases and model, - design and testing of workflow, - organization processes and change management, and - awareness and skill development through a variety of gatherings The CPARM will bring the participating partners together to review the research proposed and determine the priorities for funding. This followed by the actual research management and transfer of the results to the appropriate stakeholders. STATEMENT OF WORK The scope of activities under this contract is defined below. 1. Provide access and membership to the Management Committee The DOE/NETL will have a respresentative presence on the CPARM Management Committee and participate in discussions and decisions on the development and management of the organization. The DOE will recuse itself from voting on decisions regarding the selection and funding of research project carried out by the Center 2. First Year Progress Report and Presentation A detailed report of the progress during the funding year will be prepared and presented to DOE/NETL at a DOE location. The report will contain both the organizing efforts and the resulting research. PROJECT DELIVERABLES The following items are the deliverables associated with the project. 1. Provide access and membership to the Management Committee 2. First Year Progress Report and Presentation This purchase order is being issued to the CPARM because they are uniquely qualified to perform this work since they have a unique public-private partnership sponsored by exploration and production companies, oilfield service companies, R&D organizations, and government agencies, with the University of Texas at Austin as the managing partner. Real asset risk management technology is the synthesis of subsurface and aboveground uncertainty characterization, risk and decision analysis, real options valuation and value of information estimation, and portfolio optimization with the skills, organizational workflow and processes needed to yield decisions that create value and minimize risk. Real asset risk management technology holds substantial promise to improve the performance of the petroleum exploration and production industry, with potentially vase benefits to the U.S. economy and the public. Risk management is, however, an immature science, one for which market forces discourage the needed research and development by individual private firms. The CPARM of the University of Texas at Austin is a public-private partnership established specifically to overcome these market barriers. This request is considered to be sole source to The University of Texas at Austin, Center for Petroleum Asset Risk Management. Therefore, no solicitation will result the announcement. This award shall be made using FAR 13, Simplified Acquisition Procedures. Request for information should be addressed to Mr. Robert L. Mohn, FAX 412-386-5770. The Technical Representative for the above requirement is Ms. Rhonda Lindsey 918-699-2019.
- Web Link
-
Click here for further details regarding this notice.
(https://e-center.doe.gov/iips/busopor.nsf/UNID/4D3296B2923D270E85256D960079C30A?OpenDocument)
- Record
- SN00423468-W 20030905/030903213225 (fbodaily.com)
- Source
-
FedBizOpps.gov Link to This Notice
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