Deepwater Riser Services, a division of Morrison, an energy service company for the oil, gas and renewables industries, announced last week that its Houma storage facility is now certified as a Foreign Trade Zone.
“Our Houma storage facility will allow our clients to store drilling products without the need to pay customs or duties and property is not subject to ad valorem taxes,” says John DeBlieux, Deepwater vice president.
With 24 acres of dedicated storage and maintenance area, the Houma facility offers a safe harbor and convenient access for transportation whether coming in or out of the Gulf of Mexico by truck or barge. Additional value is provided to importers who may be able to defer duties or tariffs on products by storing their items within the FTZ.
Deepwater Riser Service’s Houma storage facility is API Spec Q1 registered and located 15 miles off of Highway 90. Read the entire press release.