Alyeska Pipeline Service Co


Oil was discovered at Prudhoe Bay in the North Slope of northern Alaska in 1968, the oil was found between the Brooks Range Mountains and the Beaufort Sea that is part of the Arctic Ocean. A consortium of oil companies intending to produce the oil came to the conclusion that a pipeline was the best means to transport crude oil from the North Slope to a navigable port in southern Alaska where it could be shipped by tanker to refineries in the continental United States. The pipeline route would cover 800 miles from Prudhoe Bay to the port of Valdez, the northernmost ice-free port in the United States.

The Alyeska Pipeline Service Company was named after the Aleut word Alyeska meaning mainland, was established in 1970 with the intention of designing, constructing, operating, and maintaining the Trans Alaska Pipeline System, commonly called TAPS. At that time, construction of the pipeline was the largest privately financed construction project that was ever attempted and cost over 8 billion Dollars by the time it was completed.

More than 14 billion barrels of oil have been transported through the Trans Alaska Pipeline System since itÂâ€Ã¢„¢s installation in 1977. The volume of oil flowing through the pipeline has decreased from a peak of 2.1 million barrels per day in 1988 to about 1 million barrels per day in 2001. Headquartered in Anchorage, the company also maintains operations in Fairbanks and Valdez and employs almost 900 people statewide, with 1000 more employed by independent contractors working for the company.

Alyeska Pipeline spends over 60 million U.S. Dollars annually towards prevention of oil spill and in response to Prince William Sound, and has dedicated over 300 personnel to this effort, mostly through its Ship Escort and Response Vessel System (SERVS). The SERVS is considered one of the best oil spill prevention and response forces in the world. And was created in July 1989. And has done commendable service to the world environment since its inception.