ConocoPhillips Alaska

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ConocoPhillips Alaska, Inc.
Industry oil and gas industry
Headquarters Anchorage, Alaska, United States
Products oil and gas exploration and production, pipeline transportation
Employees 1,000
Parent ConocoPhillips
Website www.conocophillipsalaska.com

ConocoPhillips Alaska, Inc. is a subsidiary of ConocoPhillips, with its headquarters in Anchorage, Alaska.[1] The company has major lease holdings on the North Slope and is Alaska's largest producer of oil and gas, employing about 1,000 persons.[2]

Operations[edit]

The Conoco-Phillips Building in downtown Anchorage, constructed in 1983 as the ARCO Tower, is the company's Alaska headquarters as well as the tallest building in the state.

ConocoPhillips Alaska operates the Kuparuk oil field, the Alpine oil field and has interests in the Prudhoe Bay Oil Field. In January 2010 the company announced that it was delaying its latest North Slope project due to a failure to secure a permit from the U.S. Army Corps of Engineers to construct a bridge needed for the project.[3]

In the Cook Inlet Area, the company operates the Kenai liquefied natural gas export terminal, the Tyonek oil platform in the North Cook Inlet field and the Beluga River natural gas field.

ConocoPhillips Alaska has also teamed with BP on a project to construct the long discussed Alaska gas pipeline to retrieve stranded gas from the North Slope, but a competing project by TransCanada Corporation has some support from both the state and federal government.[4]

Relationship with Alaska and the federal government[edit]

Oil companies often have a rocky relationship with the state government of Alaska, as they are a highly valued class of corporate taxpayers who sometimes portray themselves as carrying too much of the state's tax burden. Alaska is one of the few states that does not have a statewide sales tax or income tax, instead relying heavily on revenue from leasing land for energy development and taxing profits on extracted resources such as oil and gas. Conoco Phillips Alaska asked the Alaska legislature in 2010 to reconsider some provisions of the law known as the Alaska's Clear and Equitable Share, which sets a baseline tax of 25% on all revenue from Alaskan oil, which can increase to up to 75% as the price of a barrel of oil increases.[5]

Corporate giving[edit]

Oil companies in Alaska are important taxpayers and donors to public and private causes, and CPA is no exception. In 2008 the company donated fifteen million dollars to the University of Alaska for construction of new science education facility, the largest donation the University has ever received.[6] The company has also supported athletic competitions in winter sports in Alaska, including sponsoring cross-country skiing competitions in Alaska and supporting the U.S. Olympic cross-country team.[7]

Jim Bowles[edit]

On Saturday February 13, 2010, the president of ConocoPhillips Alaska, Jim Bowles, died in an avalanche. South-central Alaska had been experiencing an unusually warm, wet winter and numerous avalanches occurred during this time period.[8]

References[edit]

  1. ^ "NORTH SLOPE NATIONAL PETROLEUM RESERVE ALASKA 2008/2009 EXPLORATION DRILLING PROGRAM." ConocoPhillips Alaska. November 2008. Page 1 (1/8). Retrieved on February 14, 2010.
  2. ^ "Arctic Energy for today and tomorrow." ConocoPhillips Alaska. April 2006. Retrieved on February 28, 2010.
  3. ^ "Conoco delays North Slope development project." The Connors Group. Saturday January 24, 2010. Retrieved on February 14, 2010.
  4. ^ FERC encourages TransCanada to start federal permitting process Libbey Casey, Alaska Public Radio Network, 2-12-09
  5. ^ Demer, Lisa. "Legislature hears conflicting statements about oil taxes." Anchorage Daily News. February 23, 2010. Retrieved on February 28, 2010.
  6. ^ Townsend, Lori. "UAA awarded $15 million for new science facility." Alaska Public Radio Network. April 30, 2008. Retrieved on February 28, 2010.[dead link]
  7. ^ "Alaska Olympians' schedules." Anchorage Daily News. February 16, 2010. Modified on February 17, 2010. Retrieved on February 28, 2010.
  8. ^ Fantz, Ashley. "ConocoPhillips Alaska president killed in avalanche." CNN. February 14, 2010. Retrieved on February 14, 2010.

External links[edit]