Alyeska Pipeline Service Company
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Alyeska Pipeline Service Company
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900 E. Benson St. Anchorage, AK 99519 AK Tel. 907-787-8700 Fax 907-787-8240 |
Type: Private - Consortium
On the web:
http://www.alyeska-pipe.com
Named after the Aleut word for mainland, The Alyeska Pipeline Service Company operates the 800-mile-long, 48-inch-diameter pipeline that transports crude oil and natural gas liquids from Alaska's North Slope to the marine oil terminal of Valdez in Prince William Sound. Founded in 1970 to make the newly discovered finds in Prudhoe Bay commercially accessible, the company was assigned the task of designing, building, operating, and maintaining the Trans-Alaska Pipeline System (TAPS). TAPS is owned by a consortium of oil and gas firms, including BP (47%), ConocoPhillips (28%), Exxon Mobil (20%), Koch (3%), and Chevron (Unocal Pipeline, 1%).
Officers:
President and CEO: Kevin Hostler
SVP and CFO: Michael (Mike) Muckenthaler
Director Corporate Communications: Michelle Egan
Competitors:
Enbridge
TransCanada
Williams Companies
Wikipedia on Answers.com:
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Alyeska Pipeline Service Company
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This article is outdated. Please update this article to reflect recent events or newly available information. Please see the talk page for more information. (November 2010) |
| Industry | Pipeline Services |
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| Founded | 1970 |
| Headquarters | Anchorage, Alaska, US |
The Alyeska consortium refers to the major oil companies that own and operate the Trans-Alaska Pipeline System (TAPS) through the Alyeska Pipeline Service Company.[1]
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Contents
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History
The Alaska corporation commonly known as Alyeska Pipeline Company was founded in 1970 to design, construct, operate and maintain a pipeline to transport oil from the fields on the North Slope of Alaska where oil was discovered in 1968 to an ice-free deep-water port in Valdez, AK. The pipeline was built between March 1975 and June 1977, running from the North Slope fields at Prudhoe Bay to the Marine Terminal at Valdez on Prince William Sound. Alyeska then went on to operate and maintain TAPS. The first oil flowed into the pipeline on June 20, 1977 and the first tanker load departed from Valdez on August 1, 1977.
Organization
The major owner of the company is BP with 46.93% of the shares dating from the acquisition of ARCO. The other group members are ConocoPhillips Transportation (shares formerly owned by ARCO and acquired by Phillips during its acquisition of ARCO Alaska as part of the settlement between BP and the FTC[2]) (28.29%), Exxon Mobil (20.34%), Koch Alaska Pipeline Company (3.08%), and Unocal (1.36%). The government responsibility in regulating TAPS is managed through the Joint Pipeline Office ([1], JPO), a consortium of thirteen federal and state agencies under the Department of the Interior.
The corporation is named after an Aleut word meaning "mainland". It is headquartered in Anchorage and has around 900 employees.
The thirty-year TAPS State and Federal land leases were due to expire in 2004. The State Lease was renewed for another thirty years on November 26, 2002 and a matching Federal Record of Decision for Right-of-Way was signed on January 8, 2003.
References
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This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (January 2007) |
External links
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