US DOE awards Strategic Petroleum Reserve contract

The US DOE has awarded a management and operating contract valued at US$ 1.46 billion to run the DOE’s Strategic Petroleum Reserve (SPR) for a period of five years, after which the DOE has an option for an additional five years of performance. The contract has been given to Fluor Federal Petroleum Operations, LLC. Members of this team include Parent Company Fluor Federal Services Inc and major subcontractors MRI Global, Booz Allen Hamilton and ASRC Petroleum Operations and Maintenance. The US SPR is currently managed by DM Petroleum Operations Company. After a transition period, Fluor will take over full responsibility for management and operation of the SPR on 1st December of this year.

The SPR’s mission

The SPR is used to reduce the adverse economic impact of a major petroleum supply interruption to the US and to carry out the obligations of the US under the International Energy Program. The SPR accomplishes its mission by storing substantial quantities of crude oil in underground salt dome caverns located at four crude oil storage sites along the Gulf Coast of Louisiana and Texas. In addition to these four storage sites, the SPR operates a Project Management Office in New Orleans, Louisiana and an equipment storage facility in Mississippi.

Adapted from press release by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/19092013/spr_contract_awarded_by_usdoe/