January 26, 2005

Major Navy contract for Chouest

Edison Chouest Offshore (ECO), Galliano, LA., has won a Navy contract worth a potential $241 million plus if options are exercised.

Yesterday, the De[artment of Defense announced that Chouest is being awarded a $26,616,165 firm fixed price contract with additional reimbursables for the time charter of one Offshore Petroleum Discharge System (OPDS).

The OPDS system provides rapid, mobile transfer of fuel from offshore tankers to U.S. military fuel storage facilities ashore when conventional fuel transfer facilities are unavailable.

Each OPDS system includes one new-build support vessel and one tender.

The vessels covered under the contract are to be named in the future.

The contract contains options, which if exercised, would bring the cumulative value contract to a total of $241,457,294. 

The contract was competitively procured with more than 50 proposals solicited and two offers received.  The U.S. Navy’s Military Sealift Command, Washington, D.C., is the contracting authority (N00033-05-C-3300)



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