Port Cameron LLC plans to begin construction in November on a $1.5 billion deepwater staging port in Cameron, with Fortune 500 real estate services firm JLL leading leasing efforts for the facility.
The first phase of construction will be on 500 acres on the Calcasieu Ship Channel, with 750 more acres available for future expansion. The first phase is scheduled to be complete by the third quarter of 2017.
“Port Cameron presents Gulf energy producers, supply and service companies a tremendous opportunity to position their business in a premier deepwater oil and gas port centrally located to conveniently serve offshore installations in the Gulf of Mexico,” Director of Operations Ted Falgout said in a news release from JLL.
Falgout is based in Port Cameron’s administrative offices in Baton Rouge. The company also has offices in Lake Charles.
Falgout and JLL officials could not be reached for comment.
An economic impact study by Baton Rouge-based economic consulting firm Loren Scott Associates says when fully leased, the port will generate about $2.8 billion in sales and 10,000 jobs for Louisiana. The four-year construction phase for the new facility will generate close to $9.5 billion in new sales for firms in the Lake Charles area and more than 16,000 jobs a year.
JLL Houston will lead the leasing efforts. The Houston team is led by Executive Vice President Mark Nicholas, Senior Vice Presidents John Talhelm and Richard Quarles, and associate Joe Berwick.
“Land availability along the Houston Ship Channel is practically nonexistent,” Talhelm said in a news release. “Because of this, Houston’s E&P (exploration and production) operators, engineering firms, oil and gas service companies, and third-party logistics firms are looking eastward to find port sites that meet the requirements of their operations and provide convenient access to offshore platforms in the Gulf of Mexico.”