Fluor Federal Petroleum provides management and operating services to the U.S. Department of Energy on the Strategic Petroleum Reserve (SPR) project.
The Strategic Petroleum Reserve (SPR) was established by the Energy Policy and Conservation Act of 1975 in the aftermath of the 1973 Arab oil embargo. Its mission is to store crude oil to reduce the adverse economic impact of a major petroleum supply interruption to the United States and carry out obligations under the International Energy Program. The SPR is the largest emergency crude oil reserve in the world and is a strategic asset as America’s energy insurance against disruptions to the world’s flow of crude oil. – less