Committee forwards request to extend foreign trade zone agreement for Deepwater Riser Services
A Terrebonne Parish finance committee voted to send to the full board a recommendation to approve a five-year extension of a cooperative endeavor agreement allowing Deepwater Riser Services LLC to operate inside a Foreign Trade Zone, citing local employment and sales-tax benefits while committee members sought clearer language about the term.
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A Terrebonne Parish finance committee on the evening considered a request by Deepwater Riser Services LLC to extend a cooperative endeavor agreement that exempts certain offshore drilling equipment from ad valorem taxes through the parish’s Foreign Trade Zone program.
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