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PORT FOURCHON LEASES PROPERTY FOR NEXT GENERATION OF PORT FACILITIES, WHILE ADVANCING TOWARD APPROVAL OF DEEPER CHANNEL

The Greater Lafourche Port Commission (GLPC) took a major step forward earlier this fall in its plans to develop the next generation of Deepwater port facilities at Port Fourchon, thanks to an agreement signed recently by the Edward Wisner Donation Trust granting GLPC a lease of over 900 acres of property immediately south of the Port, to be known as Fourchon Island.

Also, the Port recently submitted to the U.S. Army Corps of Engineers (USACE) a Draft Feasibility Report and Draft Environmental Impact Statement following over two years of rigorous environmental, economic and engineering studies to determine the feasibility of a deeper draft channel in to Port Fourchon. These two significant milestones will usher in a new era of growth for the Port.

Recently, Mayor LaToya Cantrell, as the Trustee of the Edward Wisner Donation Trust, (the landowner) signed a long-term lease granting GLPC the use of 900+ acres of property on Fourchon Island.

This long-term lease secures access to this property for the future development of the Gulf’s first purpose-built, deepwater rig repair and refurbishment facility to service the major maintenance and eventual decommissioning needs of the Deepwater oil and gas rigs Port Fourchon services. While GLPC will deepen the draft to the new facility as well as dredge the slip and build the land and basic infrastructure as part of its Fourchon Island development plan, it will be private industry who will eventually construct the rig repair and refurbishment facilities.

“We are excited to submit our Draft Feasibility Report and Draft EIS and secure this long-term lease so that we can kick-start the development of Fourchon Island and begin the process of securing a world-class tenant to build the final piece of the deepwater industry’s ultimate destination for whole of life services, maintenance, and refurbishment in the United States,” said Chett Chiasson, Executive Director of GLPC.

“In my role as the Trustee of the Wisner Donation Trust, I am happy to execute a lease which should encourage private investment in our working coast, provide jobs and opportunities for hundreds of residents in our region and which will ultimately construct or restore thousands of acres of wetlands to provide important natural defenses for our City and State,” said City of New Orleans Mayor LaToya Cantrell.

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