Karen Frantz
GHG Monitor
1/31/2014
Fluor Federal Petroleum Operations is now set to begin transition to take over management of the Strategic Petroleum Reserve after the Government Accountability Office denied the second of two protests filed over the Fluor-led team’s win of the contract. Late last week, the GAO denied a protest filed by an AECOM-led team known as Gulf Coast Petroleum Reserve Operations LLC. The move came after the GAO earlier this month also denied a protest filed by incumbent SPR managing contractor DM Petroleum Operations Company. "We are very pleased that the Department of Energy has given Fluor Federal Petroleum Operations the opportunity to apply our oil and gas expertise to the Strategic Petroleum Reserve,” Fluor Government Group President Bruce Stanski said. “We look forward to starting the transition and working with the SPR employees to continue to ensure the safety and security of our nation’s energy reserves."
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 the Department of Energy. In September, DOE announced that Fluor Federal Petroleum Operations had won the new SPR managing contract, worth approximately $1.46 billion over 10 years. The Fluor-led team beat out four other bidders, which also included URS-Parsons Brinkerhoff and CB&I-Loop. Fluor currently expects to complete transition activities by April 1.
