The US Department of Energy selected Fluor Federal Petroleum Operations LLC to manage and operate the US Strategic Petroleum Reserve for 5 years starting Dec. 1. The $1.46 billion contract includes a 5-year renewal option, DOE said.
The new management team includes members from Fluor Federal Services Inc., Arlington, Va., and subcontractors MRI Global, Kansas City, Mo.; Booz Allen Hamilton, Mclean, Va.; and ASRC Petroleum Operations & Maintenance, Anchorage.
DM Petroleum Operations Co. presently manages the reserve, which includes four oil storage sites in Louisiana and Texas, a project management office in New Orleans, and an equipment storage facility in Mississippi.
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About the Author
Nick Snow
NICK SNOW covered oil and gas in Washington for more than 30 years. He worked in several capacities for The Oil Daily and was founding editor of Petroleum Finance Week before joining OGJ as its Washington correspondent in September 2005 and becoming its full-time Washington editor in October 2007. He retired from OGJ in January 2020.