FLUOR TEAM WINS NEW STRATEGIC PETROLEUM RESERVE CONTRACT
A team led by Fluor has won the Department of Energy's new contract to manage the Strategic Petroleum Reserve. The contract is worth $1.46 billion and is set to run for up to 10 years, with a five-year base period and a five-year option period, DOE’s Office of Fossil Energy announced Sept. 18. Fluor Federal Petroleum Operations includes as major subcontractors MRIGlobal, Booz Allen Hamilton and ASRC Petroleum Operations and Maintenance. According to industry officials, the Fluor team beat out four other bidders consisting of URS-Parsons Brinkerhoff; Shaw-Loop; AECOM and DM Petroleum Operations (Jacobs and International Matex Tank and Terminal). The SPR consists of four sites—two located in Louisiana and two in Texas—and currently holds approximately 696 million barrels of oil, according to DOE.