In The News: SOC to Help Secure DOE Petroleum Storage Under $123M Contract

As featured on GovConWire,

A Day & Zimmermann subsidiary has received a five-year, $123 million contract to protect equipment and personnel at the Department of Energy’s emergency crude oil storage infrastructure.

SOC said Wednesday it will provide protective force services to the Strategic Petroleum Reserve program under the contract from SPR prime contractor Fluor (NYSE: FLR).

Stock Getty Image Petroleum Storage-coverFluor received a $2 billion contract extension from DOE in September 2018 to manage federally owned oil stocks stored in underground salt caverns located in Louisiana and Texas.

Steve Selfridge, president of SOC, said the company will work with the Fluor Federal Petroleum Operations business in efforts to safeguard the country’s crude oil supply.

SOC’s contract has three base years, plus a pair of one-year options, and will bring the number of DOE facilities protected by the D&Z subsidiary to five.


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