The Greater Lafourche Port Commission reported Wednesday that the latest phase of Slip C dredging is complete.
The Slip C Additional Hydraulic Dredging Project, which followed the initial Slip C dredging project in early 2012, creates a new slip in the Northern Expansion area of Port Fourchon, which is primarily a service base for oil and gas operations in the Gulf of Mexico.
The new slip is a 400-acre development which will provide 16,300 linear feet of new waterfront space in Port Fourchon. Companies will be able to lease up to 280 acres of waterfront property along the new slip once the adjacent property is filled and developed.
Slip C is being built to accommodate the new generation of supply vessels and equipment.
"With continued investment in development projects like these, we will be able to provide the basic infrastructure needed to serve our current tenants and attract future tenants, which ultimately means creating jobs and revenue for our community and the surrounding area," said Port Director Chett Chiasson in a statement.
Port Fourchon services more than 90 percent of the Gulf of Mexico's deepwater oil production, a spokesperson for the port told Rigzone in an email statement. Dredging was completed in early December, and bulkhead projects are expected to follow next year.
The Slip C development could create between 750 and 1,000 permanent jobs. The grand total public and private investment in the Slip C infrastructure is estimated at approximately $335.6 million.
The port commission estimates that more than 50 large deepwater support service vessels will utilize Slip C. The estimated value of 50 300-foot deepwater support service vessels is $1.5 billion, according to the port commission.
Oil and gas companies that utilize the port facilities include Anadarko Petroleum, Apache Corporation, Baker Hughes, Chevron North America Exploration and ENI Petroleum.
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