Edison Chouest Offshore will expand its Louisiana shipyard operations at the Port of Terrebonne. At the Port of Terrebonne, Edison Chouest Offshore, through its sister company LaShip, will build vessels to support growing deepwater offshore oil and gas industry needs for vessels with hull lengths greater than 350 feet.
The expansion, which represents an investment by the company of $100 million, is expected to create 1,000 jobs at an annual average salary of $54,000. In addition, the project will retain 500 existing jobs.
Pending legislative approval, the state will provide $10 million to support infrastructure improvements at the Port of Terrebonne to accommodate the company’s expansion investment. The Port of Terrebonne also will receive a $4 million grant from the Governor's Rapid Response Fund to complete the infrastructure improvements.
This exciting project is a terrific example of the opportunities we can generate by supporting the growth of existing Louisiana businesses, said Louisiana Economic Development Secretary Stephen Moret. Governor Jindal’s support, along with that of the Legislature, will ensure that businesses like Chouest select Louisiana rather than other sites. This commitment solidified our ability to keep LaShip here at home.
We at Edison Chouest Offshore are proud of our Louisiana heritage and are excited about the creation of 1,000 jobs in Terrebonne Parish, said Gary Chouest, president of Edison Chouest Offshore.
Edison Chouest Offshore owns and operates offshore marine support vessels worldwide. The company provides the largest number of special-purpose vessels to support the U.S. government and operates the largest independently owned fleet of offshore research vessels. Its proprietary vessel designs have propelled the company to worldwide leadership in deepwater exploration and development in the offshore oil and gas industry.