ANCHORAGE, Alaska – ConocoPhillips Alaska today announced it has recently signed engineering contracts with three firms to support its North Slope business.
These five-year contracts with URS Corporation, CH2M HILL, and ASRC Energy Services are intended to support engineering and procurement services for dozens of projects at Kuparuk, Alpine and Cook Inlet over the life of the contracts.
“These contracts allow us to pursue a key element of our investment strategy,” said Trond-Erik Johansen, president, ConocoPhillips Alaska. “The contracts will support new projects like 1H NEWS as well as maintenance projects and expansion of infrastructure to accommodate increased drilling.”
Since SB21 was passed in March 2013, ConocoPhillips has announced the addition of three rigs to its North Slope drilling fleet, and its intentions to pursue three major projects: Kuparuk Drill Site 2S, 1H NEWS and GMT-1. These three projects represent about $2 billion in new investments with the potential for hundreds of new jobs during construction, opportunities for Alaska businesses, additional revenue to the state of Alaska and tens of thousands of barrels per day of new oil.
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About ConocoPhillips Alaska
ConocoPhillips has been leading the search for energy in Alaska for more than 50 years. The company is committed to responsibly developing Alaska’s resources, providing economic opportunity for Alaska, operating at the highest safety standards and being good stewards of our communities. For more information, visit www.conocophillipsalaska.com.
About ConocoPhillips
ConocoPhillips is the world's largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 27 countries, $58 billion in annualized revenue, $122 billion of total assets, and approximately 19,200 employees as of June 30, 2014. Production from continuing operations, excluding Libya, averaged 1,543 MBOED for the six months ended June 30, 2014, and proved reserves were 8.9 billion BOE as of Dec. 31, 2013. For more information, go to www.conocophillips.com.
Contact:
Amy Burnett
907-265-1539
amy.j.burnett@cop.com
Natalie Lowman
907-263-4153
n.m.lowman@cop.com
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