Alyeska Pipeline Service Company was incorporated in 1970 to design, build, operate and maintain the pipeline, pump stations and the Valdez Marine Terminal. The pipeline itself runs 800 miles, from Prudhoe Bay to Valdez. Since the startup of the pipeline in 1977, the Trans Alaska Pipeline System (TAPS) has successfully transported more than 16 billion barrels of crude oil from Alaska’s North Slope.
BlueCrest Energy, Inc. is a privately held venture focused on the acquisition, exploration, and development of oil and gas resources within the United States. The Company's primary focus is the development of the Cosmopolitan oil and gas assets within Alaska's Cook Inlet basin. BlueCrest owns 100% of the Cosmopolitan project which is of one of the largest undeveloped fields in the Cook Inlet basin, located just offshore of Anchor Point. The deeper liquid oil reserves will be recovered through advanced-technology extended-reach oil wells drilled from an onshore surface location approximnately three miles away from the offshore reservoirs. BlueCrest began development of the Cosmopolitan oil reservoirs in 2014, and oil production will commence in April of 2016.
Development plans are now under review for recovering the newly-discovered gas reserves using low profile gas-only platforms. Development of the shallow gas reserves using low profile gas-only platforms. Development of the shallow gas reservoirs is currently on hold, pending economic resolution of future gas markets and development incentives.
BP operates across six continents, with products and services available in 100 countries. BP Exploration (Alaska) Inc. opened its first office in Alaska in 1959 and is an upstream business unit of the BP Group. BP Exploration (Alaska) Inc. operates 13 North Slope oil fields and four North Slope pipelines and owns significant interest in six other producing fields and TAPS. BP’s net production rate in Alaska is 204,000 barrels of oil equivalent per day.
Caelus Energy, LLC (Caelus) is a privately held independent exploration and production company based in Dallas, Texas with an office in Anchorage. Caelus is a majority owner and operator of the Oooguruk development on the North Slope of Alaska. The company is focused on the pursuit, identification and development of unique opportunities across Alaska and other oil and gas producing jurisdictions.
Chevron Corporation is one of the world’s leading integrated energy companies, with subsidiaries that conduct business across the globe. In 1888, Chevron began selling retail products in the territory of Alaska. Chevron began exploration efforts in Alaska in the 1930’s and has had a major presence in the Cook Inlet since 1957, when it was instrumental in the discovery of the Swanson River oil field. Chevron operates ten units and two producing fields in the Cook Inlet, and has joint venture interests on the North Slope. Chevron’s net production in Alaska is approximately 34,000 barrels of oil equivalent per day.
ExxonMobil operates facilities or markets products in most of the world’s countries and explores for oil and natural gas on six continents. Its history in Alaska spans more than 50 years. ExxonMobil is the operator of Point Thomson, located 60 miles east of Prudhoe Bay. In addition, ExxonMobil has working interests in the Prudhoe Bay, Kuparuk, Endicott and Granite Point fields. During 2009, ExxonMobil’s average daily production in Alaska was approximately 123,000 barrels of oil equivalent per day.
Hilcorp was founded in 1989, is one of the largest privately-held independent oil and natural gas exploration and production companies in the United States. Headquartered in Houston, TX, Hilcorp has over 1,000 employees and 11 operating areas including the Gulf Coast region, the Gulf of Mexico, the Rockies and Alaska's Cook Inlet. Operating across the United States, Hilcorp continues to grow by actively acquiring and developing conventional assets while expanding its footprint into a number of new resource plays.
Petro Star Inc. was incorporated in 1984 and is the only Alaskan-owned refining and fuel marketing company. It maintains fuel sales groups in seven Alaska communities (Fairbanks, Anchorage, Valdez, North Pole, Kodiak, St. Paul and Unalaska) and refineries in both North Pole and Valdez. Petro Star’s two refineries draw crude supply from TAPS to produce off-road and marine diesel, commercial and military jet fuel, and home heating oil.
Shell Exploration & Production Company explores and produces oil and gas in a number of countries including Australia, Scotland, Russia, Nigeria, Brunei, Norway, Canada, the U.S. and Brazil. Shell first came to Alaska in 1960 and currently holds 137 leases in the Beaufort Sea and 275 leases in the Chukchi Sea. Shell believes the offshore could prove to be the next major chapter in Alaska’s oil and gas history. If exploration plans are approved and permits secured, Shell will drill up to three wells total in the Beaufort and Chukchi combined in 2010. In addition Shell will conduct ongoing baseline science research and stakeholder workshops.
Tesoro Alaska opened the refinery located in Nikiski, Alaska in 1969. In addition, Tesoro operates six other refineries in North Dakota, Utah, Washington, California, and Hawaii. The company owns and operates over 380 retail stores near those refineries, including 31 in Alaska. Tesoro also brands over 51 independent dealers in Alaska. The Alaska refinery manufactures jet fuel, diesel, gasoline, propane, asphalt and heavy oils.