In 2024, the DOE also awarded BWTX a $45 billion, 10-year contract to handle environmental management operations at the Manhattan Project’s Hanford, WA, site. (Source: Shutterstock)
The U.S. Department of Energy (DOE) has awarded BWX Technologies Inc. (BWXT) a $2.6 billion contract to operate the Strategic Petroleum Reserve over a 10-year period, BWXT said on April 9.
The Strategic Petroleum Reserve (SPR) can store as much as 714 MMbbl of emergency crude oil. The oil stocks are stored in underground salt caverns at four sites in Louisiana and Texas.
The contract with BWXT, which includes a five-year base period and a five-year option, will involve operating SPR facilities and site operations, and maintaining quality control.
Strategic Storage Partners LLC was formed by APTIM Federal Services and BWXT Technical Services Group Inc. to fulfill the contract’s requirements.
BTWX handles operations for multiple federal facilities. BWXT joint ventures manage a dozen DOE and NASA facilities, according to the press release.
In 2024, the DOE also awarded BWTX a $45 billion, 10-year contract to handle environmental management operations at the Manhattan Project’s Hanford, WA, site.
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