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Chouest invests $425M in deepwater port facility

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GALLIANO, La. (AP) — Galliano shipbuilder and oilfield service provider Edison Chouest will invest more than $400 million in deepwater port facilities in Brazil.

Prumo Logistica, who is leasing the property, says the investment will give Chouest a leasing area to maintain its own vessels and a base to serve its offshore customers at Brazil's Acu Port at São João da Barra in the Rio de Janeiro state.

The Courier reports (http://bit.ly/1m7LqAZ ) Chouest's port and logistical offerings at Port Fourchon are renowned for success in the deep waters of the Gulf of Mexico.

In a statement, Edison Chouest founder Gary Chouest said the port is strategically close to the growing Campos Basin and features deepwater draft.

Chouest added that the surrounding area allows for expansion and further growth from a chain of oilfield suppliers.

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Information from:

The Courier, http://www.houmatoday.com

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