WASHINGON, D. C. - After conducting a rigorous competitive selection process, the U.S. Department of Energy (DOE) today announced that Fluor Federal Petroleum Operations, LLC (team includes members comprised of Parent Company Fluor Federal Services, Inc., of Arlington, Virginia and major subcontractors MRIGlobal of Kansas City, Missouri; Booz Allen Hamilton of Mclean, Virginia; and ASRC Petroleum Operations and Maintenance of Anchorage, Alaska) has been awarded a management and operating contract valued at $1.46 billion to run 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 SPR is currently managed by DM Petroleum Operations Company. After a transition period, Fluor will assume responsibility for management and operation of the SPR on December 1, 2013.
The mission of the SPR is to reduce the adverse economic impact of a major petroleum supply interruption to the United States and to carry out the obligations of the United States 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.