Alyeska Pipeline Service Company
The Alyeska Pipeline Service Company is the operator of the Trans-Alaska Pipeline System (TAPS).
In 1968, oil was found in Prudhoe Bay on the Beaufort Sea in the North Slope of Alaska . The consortium of oil companies that wanted to extract the oil decided to build a pipeline to transport the crude oil from the Prudhoe Bay oil field to Valdez , a city in southern Alaska on the Gulf of Alaska with the northernmost ice-free port in the United States.
The Alyeska Pipeline Service Company was founded in 1970 with the mandate to plan, build, operate and maintain the pipeline. At the time, building the pipeline was the most expensive privately financed project in history, at a cost of $ 8 billion.
The consortium of operating companies consists of BP Pipelines (Alaska) Inc. (46.93%), ConocoPhillips Transportation Alaska, Inc. (28.29%), ExxonMobil Pipeline Company (20.34%), Unocal Pipeline Company (1.36 %) %) and Koch Alaska Pipeline Company (3.08%). The headquarters of the Alyeska Pipeline Service Company is located in Anchorage with branches in Fairbanks and Valdez. The company employs around 800 people. (As of May 2008)
In August 2019, BP and Hilcorp Alaska, a subsidiary of the Texan Hilcorp Energy Company , agreed to sell all of BP's business areas in Alaska. The BP subsidiary BP Pipelines (Alaska) Inc., the largest shareholder in the Trans-Alaska Pipeline System to date, is also part of the sales volume.
Web links
Individual evidence
- ^ British Petroleum: BP to sell Alaska business to Hilcorp , accessed August 29, 2019.