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
- 01Funds management of the Strategic Petroleum Reserve facilities
- 02Awarded to Fluor Federal Petroleum Operations, LLC in Louisiana
- 03Contract valued at approximately $2 billion, running through 2025
- 04SPR is the world's largest government-owned emergency oil supply
- 05Oil is stored in underground salt caverns along the Gulf Coast
Award Details
Official Source
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Quick Summary
- Amount
- $2.0B
- Agency
- Department of Energy
- Recipient
- FLUOR FEDERAL PETROLEUM OPERATIONS, LLC
- Type
- Other
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