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Alyeska Pipeline Service Company

 

 
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Alyeska Pipeline Service Company
 
 
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The Alyeska consortium refers to the major oil companies that own and operate the Trans-Alaska Pipeline System
Trans-Alaska Pipeline System

The Trans-Alaska Pipeline System , usually called the Alyeska Pipeline in Alaska or the Alaska Pipeline elsewhere, is a major United States Petroleum pipeline transport connecting oil fields in Alaska's North Slope to a North Pacific seaport where the oil can be shipped to the Lower 48 states for refining....
 (TAPS) through the Alyeska Pipeline Service Company.

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
Alaska

Alaska is the largest U.S. state of the United States by area; it is situated in the northwest extremity of the North American continent, with Canada to the east, the Arctic Ocean to the north, and the Pacific Ocean to the west and south, with Russia further west across the Bering Strait....
 where oil was discovered in 1968 to an ice-free deep-water port in Valdez, AK.






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The Alyeska consortium refers to the major oil companies that own and operate the Trans-Alaska Pipeline System
Trans-Alaska Pipeline System

The Trans-Alaska Pipeline System , usually called the Alyeska Pipeline in Alaska or the Alaska Pipeline elsewhere, is a major United States Petroleum pipeline transport connecting oil fields in Alaska's North Slope to a North Pacific seaport where the oil can be shipped to the Lower 48 states for refining....
 (TAPS) through the Alyeska Pipeline Service Company.

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
Alaska

Alaska is the largest U.S. state of the United States by area; it is situated in the northwest extremity of the North American continent, with Canada to the east, the Arctic Ocean to the north, and the Pacific Ocean to the west and south, with Russia further west across the Bering Strait....
 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
Valdez, Alaska

Valdez is a city in Valdez-Cordova Census Area, Alaska in the U.S. state of Alaska. According to 2005 Census Bureau estimates, the population of the city is 4,020....
 on Prince William Sound
Prince William Sound

Prince William Sound is a Sound of the Gulf of Alaska on the south coast of the U.S. state of Alaska. It is located on the east side of the Kenai Peninsula....
. 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.

The major owner of the company is BP
BP

BP plc , is the third largest global energy corporation, a multinational corporation oil company with headquarters in London. The company is among the largest private sector energy corporations in the world, and one of the six "supermajors" ....
 with 46.93% of the shares dating from the acquisition of ARCO
ARCO

ARCO is an oil company which is, since 2000, a subsidiary of United Kingdom-based BP and is officially known as BP West Coast Products LLC....
. 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
FTC

selfref|For Wikipedia's topic promotion process, see...
) (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 (, JPO), a consortium of thirteen federal and state agencies under the Department of the Interior.

The corporation is named after an Aleut
Aleut

The Aleuts are the Alaska Natives of the Aleutian Islands of Alaska, United States and Kamchatka Krai, Russia....
 word meaning "mainland". It is headquartered in Anchorage
Anchorage, Alaska

Anchorage is a consolidated city-Borough in the U.S. state of Alaska. With an estimated 279,671 municipal residents in 2007 , it is Alaska's largest city and constitutes more than 40 percent of the state's total population....
 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.

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