Oilfield services firm Hunting Energy Services - U.S. Manufacturing is consolidating and expanding its Terrebonne Parish operations in a $62 million expansion.

The 304,000-square-foot facility will allow Hunting to broaden its services to the offshore oil industry.

Hunting expects the project to create 20 new direct jobs with an average annual salary of $52,000, plus benefits. The company also will retain 103 existing jobs. Louisiana Economic Development estimates the project will result in 10 new indirect jobs, for a total of 30 new jobs in the Bayou Region and surrounding areas. The company estimates the project will generate 75 construction jobs