ConocoPhillips Alaska
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| Industry | oil and gas industry |
|---|---|
| Headquarters | Anchorage, Alaska, United States |
| Products | oil and gas exploration and production, pipeline transportation |
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Number of employees
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1,000 |
| Parent | ConocoPhillips |
| Website | www.conocophillipsalaska.com |
ConocoPhillips Alaska, Inc. is a subsidiary of ConocoPhillips, with its headquarters in Anchorage, Alaska. 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.
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.
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.
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.
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