DOEOtherEnergyApril 1, 2014

IGF::OT::IGF MANAGEMENT AND OPERATION OF THE STRATEGIC PETROLEUM RESERVE FACILITIES.

$1,996,329,703

AI Summary

This $2 billion contract funds the management and operation of the Strategic Petroleum Reserve (SPR) facilities. Fluor Federal Petroleum Operations in Louisiana manages the world's largest government-owned emergency crude oil stockpile, which is stored in underground salt caverns along the Gulf Coast as a buffer against oil supply disruptions.

Key Points

  1. 01Funds management of the Strategic Petroleum Reserve facilities
  2. 02Awarded to Fluor Federal Petroleum Operations, LLC in Louisiana
  3. 03Contract valued at approximately $2 billion, running through 2025
  4. 04SPR is the world's largest government-owned emergency oil supply
  5. 05Oil is stored in underground salt caverns along the Gulf Coast

Award Details

Start Date

Apr 1, 2014

End Date

Dec 31, 2025

Category

Energy

State

LA

Award Type

Other

Related Awards

Quick Summary

Amount
$2.0B
Agency
Department of Energy
Recipient
FLUOR FEDERAL PETROLEUM OPERATIONS, LLC
Type
Other

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