BWX Technologies, announced the U.S. Department of Energy award to manage and operate the Strategic Petroleum Reserve.
Strategic Storage Partners, LLC was formed by lead parent company APTIM Federal Services and BWXT Technical Services Group, Inc. to safely manage and operate the structures and systems of the Strategic Petroleum Reserve. The estimated value of the contract is approximately $2.6 billion over 10 years, comprising a five-year base period and one five-year option.
The scope of the contract includes operating and maintaining the Strategic Petroleum Reserve’s facilities and related systems, maintaining the highest levels of quality control, developing and implementing innovative approaches to site operations, and adopting practices fostering continuous improvement.
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“As a premier operator of complex, high-consequence facilities in the U.S. and abroad, BWXT is honored to join with APTIM in adding this mission to our portfolio of work for the Department of Energy,” said Heatherly Dukes, president, BWXT Technical Services Group, Inc. “The Strategic Petroleum Reserve is a vital element in protecting our nation’s economic and security interests, and we look forward to bringing our expertise in safe, secure, high-quality operations to this vital part of the nation’s energy infrastructure.”
SOURCE: Businesswire