May 25, 2016
By: Mark Nicholas, Executive Vice President, JLL Houston
Port Cameron, LLC has announced it will develop a new deep-water staging port in Cameron, Louisiana. The first phase of construction will encompass 500 acres, with an additional 750 acres available for expansion in the future. The new port complex will cater to the needs of energy development in the Gulf of Mexico and will be home to the largest private energy services facility on the Gulf Coast.
Yesterday, Port Cameron, LLC held a private meeting for oil and gas executives for the announcement and introduction of the development. Approximately 40 oil and gas leaders attended the event, held at Four Oaks Place.
Construction on the $1.5 billion project will commence in November, and the first phase of the project is slated for completion by the third quarter of 2017. According to an economic impact study by Louisiana-based economic consulting firm Loren Scott Associates, when fully leased, activity at the port will create approximately $2.8 billion in sales and about 10,000 jobs for the State of Louisiana.
The new port will be located on the Calcasieu Ship Channel, 185 miles east of Houston and just south of Lake Charles. The property is approximately 50 miles south of Interstate Highway 10 with convenient access to the interstate via north/south highways east of the site. Furthermore, approximately 25,000 linear feet of all-weather roads and two new pile-supported concrete bridges will be constructed to provide added accessibility to the location.
Due to its strategic location, Port Cameron represents an opportunity for reducing operational costs and risk on the Gulf Coast. It will position businesses in a state-of-the-art oil and gas services port centrally located to serve offshore installations in the Gulf of Mexico.
The project will feature more than 21,000 linear feet of bulkhead lots on dredged slips of 500 and 700-foot widths, and dredged depths of 33 feet.
About the Author
Mark Nicholas is an Executive Vice President within JLL Houston’s Industrial/Land Brokerage Services group. In his 29 years of experience, Mark has successfully negotiated more than $2.2 billion in transactions for buyers, sellers, landlords and tenants. Mark was recently named a 2016 Houston Business Journal Heavy Hitter. This was his fourteenth time being given this distinction.