PETROLEUM DIRECTORY: ASRC firm lands federal contract - January 25, 2004

Providing coverage of Alaska and northern Canada's oil and gas industryJanuary 2004

Vol. 9, No. 4

Week of January 25, 2004

PETROLEUM DIRECTORY: ASRC firm lands federal contract

A subsidiary of Barrow, Alaska-based Arctic Slope Regional Corp. has been awarded a multimillion-dollar government contract to provide construction management services to the U.S. Department of Energy’s Strategic Petroleum Reserve, based in New Orleans.

ASRC Constructors Inc. was awarded a two-year contract through the government’s 8(a) set-aside program for small, disadvantaged businesses. The $26 million contract allows for three one-year extensions that could increase its total value to more than $60 million, the Energy Department said.

The oil in the petroleum reserve is stored in underground salt caverns along the Gulf of Mexico coast.

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