APTIM and BWX Technologies, Inc. Awarded $1.4 Billion Contract for Strategic Petroleum Reserve
APTIM and BWX Technologies (BWXT) have secured a significant $1.4 billion contract from the US Department of Energy to manage and operate the Strategic Petroleum Reserve (SPR). The joint venture, operating as Strategic Storage Partners, , will begin managing SPR operations on June 15 for a five-year term, with potential for an additional five-year extension.
The SPR, currently holding 714 million barrels of emergency crude oil, represents the world's largest emergency oil supply. The reserve's facilities are strategically located in underground salt caverns across Texas and Louisiana's Gulf Coast. Its primary mission is to safeguard US petroleum supplies during emergencies and maintain the country's commitments to the International Energy Program.
APTIM e BWX Technologies (BWXT) hanno ottenuto un significativo contratto da 1,4 miliardi di dollari dal Dipartimento dell'Energia degli Stati Uniti per gestire e operare il Strategic Petroleum Reserve (SPR). La joint venture, che opera come Strategic Storage Partners, inizierà a gestire le operazioni del SPR il 15 giugno per un periodo di cinque anni, con la possibilità di un'estensione aggiuntiva di cinque anni.
Il SPR, attualmente contenente 714 milioni di barili di petrolio greggio d'emergenza, rappresenta la più grande riserva di petrolio di emergenza al mondo. Le strutture della riserva sono strategicamente situate in cavità sotterranee di sale lungo la costa del Texas e della Louisiana. La sua missione principale è quella di proteggere le forniture di petrolio degli Stati Uniti durante le emergenze e mantenere gli impegni del paese nei confronti del Programma Energetico Internazionale.
APTIM y BWX Technologies (BWXT) han asegurado un contrato significativo de 1.4 mil millones de dólares del Departamento de Energía de EE. UU. para gestionar y operar la Reserva Estratégica de Petróleo (SPR). La empresa conjunta, que opera como Strategic Storage Partners, comenzará a gestionar las operaciones de la SPR el 15 de junio por un período de cinco años, con la posibilidad de una extensión adicional de cinco años.
La SPR, que actualmente contiene 714 millones de barriles de petróleo crudo de emergencia, representa el mayor suministro de petróleo de emergencia del mundo. Las instalaciones de la reserva están estratégicamente ubicadas en cavernas subterráneas de sal a lo largo de la costa del Golfo de Texas y Luisiana. Su misión principal es salvaguardar los suministros de petróleo de EE. UU. durante emergencias y mantener los compromisos del país con el Programa Internacional de Energía.
APTIM과 BWX Technologies (BWXT)는 미국 에너지부로부터 14억 달러 규모의 계약을 체결하여 전략 비축유 저장소 (SPR)를 관리하고 운영하게 되었습니다. Strategic Storage Partners로 운영되는 이 합작투자는 6월 15일부터 SPR 운영을 시작하며, 5년 계약 기간이 있으며 추가로 5년 연장 가능성이 있습니다.
현재 7억 1400만 배럴의 비상 원유를 보유하고 있는 SPR은 세계 최대의 비상 석유 공급을 나타냅니다. 이 저장소의 시설은 텍사스와 루이지애나의 걸프 코스트에 있는 지하 소금 동굴에 전략적으로 위치해 있습니다. SPR의 주요 임무는 비상 상황에서 미국의 석유 공급을 보호하고 국제 에너지 프로그램에 대한 국가의 의무를 유지하는 것입니다.
APTIM et BWX Technologies (BWXT) ont obtenu un contrat significatif de 1,4 milliard de dollars du Département de l'Énergie des États-Unis pour gérer et exploiter la Réserve Pétrolière Stratégique (SPR). La coentreprise, opérant sous le nom de Strategic Storage Partners, commencera à gérer les opérations de la SPR le 15 juin pour une durée de cinq ans, avec la possibilité d'une extension supplémentaire de cinq ans.
La SPR, qui détient actuellement 714 millions de barils de pétrole brut d'urgence, représente la plus grande réserve de pétrole d'urgence au monde. Les installations de la réserve sont stratégiquement situées dans des cavernes souterraines de sel le long de la côte du Texas et de la Louisiane. Sa mission principale est de protéger les approvisionnements pétroliers des États-Unis en cas d'urgence et de maintenir les engagements du pays envers le Programme Énergétique International.
APTIM und BWX Technologies (BWXT) haben einen bedeutenden Vertrag über 1,4 Milliarden Dollar vom US-Energieministerium gesichert, um die Strategische Erdölreserve (SPR) zu verwalten und zu betreiben. Das Joint Venture, das als Strategic Storage Partners fungiert, wird am 15. Juni mit der Verwaltung der SPR-Operationen beginnen, zunächst für einen Zeitraum von fünf Jahren, mit der Möglichkeit einer zusätzlichen fünfjährigen Verlängerung.
Die SPR, die derzeit 714 Millionen Barrel Notöl enthält, stellt die größte Notölversorgung der Welt dar. Die Einrichtungen der Reserve sind strategisch in unterirdischen Salzstöcken entlang der Golfküste von Texas und Louisiana gelegen. Ihre Hauptmission ist es, die Erdölversorgung der USA in Notfällen zu sichern und die Verpflichtungen des Landes gegenüber dem Internationalen Energieprogramm aufrechtzuerhalten.
- Secured major $1.4 billion government contract
- Long-term revenue visibility with 5-year contract and potential 5-year extension
- Strategic partnership with APTIM enhances market position in energy infrastructure
- None.
APTIM-led team awarded contract to manage and operate the US Department of Energy's Strategic Petroleum Reserve
"APTIM is honored to serve the DOE, the talented and committed SPR workforce, and the nation as the SPR fulfills its essential mission of protecting our energy and economic security. APTIM and our partner BWX Technologies will bring the experience, resources, and commitment required to deliver," said Mark Fallon, APTIM CEO and Chairman of the Strategic Storage Partners board of directors.
As the world's largest supply (714 million barrels) of emergency crude oil, SPR's mission is to minimize disruptions of US petroleum supplies through emergency stocks and uphold the country's commitment to the International Energy Program. Federally owned oil stocks are stored in underground salt caverns at four sites along the Gulf Coast in
About APTIM
APTIM enhances the quality of the environment, wellbeing of people, resilience of communities, and opportunity for employees to make a difference, not just a living. A leading professional solutions firm, we specialize in environmental, sustainability, resilience, and infrastructure solutions. Our team of experts provide these integrated solutions for forward-thinking government agencies, commercial and industrial clients, and energy customers. Together, we create sustainable and resilient communities for all. Learn more at APTIM.com, and connect with us on LinkedIn, Facebook, Instagram, and X.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A
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