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Over 250 companies utilize Port Fourchon as a base of operation.
- Port Fourchon plays a strategic role in furnishing this country with 15-18% of its entire oil supply.
- In addition to its huge domestic hydrocarbon significance, Port Fourchon is land base for LOOP (Louisiana Offshore Oil Port), which handles 13-15% of the nation’s foreign oil and is connected to 50% of U.S. refining capacity. LOOP is the only U. S. deepwater port capable of offloading VLCCs (Very Large Crude Carriers) and ULCCs (Ultra Large Crude Carriers).
- Port Fourchon currently services over 75% of the Gulf of Mexico deepwater oil production.
- Of the over 165 current and pending deepwater projects that have been identified to date, over 50% are using or plan to use Port Fourchon as its service base.
- Approximately 270 large supply vessels traverse the port’s channels each day.
- Cargo transferred by tenants has steadily increased from 2002-2005 by an average of 12%. Largely because of the hurricanes of 2005, it is estimated that in 2006, tonnage will increase 74% to approximately 38 million tons of cargo.
- Approximately 15,000 people per month are flown to offshore locations supported by Port Fourchon.
- Recent truck traffic studies have shown that over 1200 trucks per day travel in and out of Port Fourchon.
- 675 million barrels of crude oil per year are transported via pipelines through the port.
- 4 of the top 10 Lafourche Parish employers operate and/or utilize Port Fourchon.
- 5 of the top 10 Lafourche Parish tax payers operate and/or utilize Port Fourchon.
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- Gulf of Mexico provides U.S. with one third of its domestic oil supply.
- 65% of all gulf oil now comes from deepwater.
- 80% of all gulf oil will come from deepwater by 2010.
- Mineral Management Services (MMS) estimates deepwater has reserves of 71bb of oil, of which 56bb remains to be discovered. Shallow water has only 15bb remaining to be discovered.
- Deepwater production is not near its peak and ultra-deep waters hold promising geologic features as well.
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