ConocoPhillips signs engineering contracts to support North Slope production

Anchorage, Alaska — ConocoPhillips Alaska announced it 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.