HOME PAGE SUBSCRIPTIONS, Print Editions, Newsletter PRODUCTS READ THE PETROLEUM NEWS ARCHIVE! ADVERTISING INFORMATION EVENTS PETROLEUM NEWS BAKKEN MINING NEWS

Providing coverage of Alaska and northern Canada's oil and gas industry
February 2008

Vol. 13, No. 6 Week of February 10, 2008

PETROLEUM DIRECTORY: Peak, its subsidiaries assure smooth client operations year after year

Top-notch Alaska company makes a safe, healthy environment for its diverse workforce an absolute priority

Paula Easley

Q. When was Peak founded, who founded it, and what was its original name?

A. Peak was formed in December 1987 when Kodiak Oilfield Haulers, an organization that had specialized in rig moves, rig support, road and runway maintenance and general oilfield trucking services on the North Slope from 1963 onward, sold their parts and equipment to Peak Alaska Ventures Inc., which was then merged with Peak Maintenance and Equipment.

Q. Where is your company located? Does it have more than one location?

A. The Anchorage office is located at 2525 C Street in the CIRI building. Field operations are centered in Prudhoe Bay, Kenai and Valdez, where Peak maintains and dispatches its personnel and equipment for construction and maintenance contracts.

Q. Who heads up your company and who is on its senior management team?

A. Mike O’Connor is president; Renate Hill is vice president, finance/administration; Steve Roberts, Patrick Walsh and Ben Cleveland are also vice presidents.

Q. Describe any partnership arrangements and when they became effective.

A. In December 1987 an agreement was signed between Peak Maintenance and Equipment Co. and Anglo Alaska Services Co. creating Peak Oilfield Service Co. Peak is a 50 percent general partnership between Cook Inlet Region Inc. and Nabors Industries Inc.

Q. What is the company’s primary business sector? What services does the company offer?

A. Peak has four lines of business:

• An operation on the North Slope which provides oilfield trucking, rig moving, heavy crane support, ice road construction and other support services;

• An operation based in Kenai for plant and drilling support operations and Cook Inlet platform maintenance that also offers structural and mechanical fabrication and module construction, heavy hauling and lifting services;

• An operation in Valdez that provides tank cleaning and other services at the Trans-Alaska Oil Pipeline terminal; and

• Precision Power, a wholly owned subsidiary, providing electrical generation and ancillary support.

Q. Who are the company’s main clients?

A. Peak’s main clients are ConocoPhillips, FEX E&P, BPXA, Anadarko/Kerr-McGee, Tesoro, Chevron, Agrium, Marathon, Pioneer, Forest Oil and Alyeska Pipeline Service Co. In September 2007 Peak will complete a power plant project for the Municipality of Anchorage.

Q. How many employees does your company have? How many in each of its locations?

A. We have a total of 527 employees: Anchorage 40, Prudhoe Bay 186, Kenai 274 and Valdez 27.

Q. Does Peak have subsidiaries? If so, what services do they provide?

A. Precision Power is a wholly owned subsidiary of Peak Oilfield Service Co. Precision Power designs and constructs remote power generation systems and provides energy solutions ranging from remote Arctic oilfields to isolated rural villages.

Q. Describe your essential equipment in general terms. Purchases planned?

A. Prudhoe Bay and Kenai operations’ essential equipment includes vacuum trucks, supersuckers, cranes, manlifts, loaders, specialty trailers, tractor units and tundra travel vehicles. We anticipate adding more of these units as well as replacing older units with new.

Q. Is your company expanding any of its operations and/or locations?

A. Yes, in the Cook Inlet area, we are expanding our operations to accommodate increased customer demand for oilfield and construction services.

Q. Is the company changing any of its services?

A. In Cook Inlet we are offering support services specific to corrosion detection and repairs. Also, we have formed a civil technologies division that is addressing complex foundation repair and soil stabilization requirements of our statewide customer base.

Q. What is your company’s main strength, i.e. its edge over the competition?

A. Our main strengths are the depth of workforce experience and quality of our equipment fleet.

Q. What new markets, clients and/or projects did your company attract in the last year?

A. In the Cook Inlet area we entered the heavy equipment removal and replacement market, the turnkey power plant market, and the foundation repair market.

Q. Has the company invested in any new technology in the last two years?

A. We have upgraded our crane fleet in the Cook Inlet area with the latest crane safety features and entered the heavy haul tundra transportation service.

Q. What is the most challenging job the company has undertaken?

A. These fall into two categories — remote mine construction and long distance ocean ice roads.

Q. What are the biggest obstacles to completing work the company undertakes?

A. The biggest obstacles usually consist of the weather and overcoming logistics challenges while performing work in remote areas of Alaska.

Q. What do you see as your company’s biggest challenge in the next five years?

A. Maintaining the quality of our workforce.

Q. What do you see as future trends or opportunities for your company from, say, political events or long-term weather fluctuations?

A. Our firm must adapt to political events that affect the amount of investment by oil producing companies in Alaska, the impact of global climate change, and the increased demand for renewable energy generation.

Q. What is the most humorous story from your company’s years in business in Alaska?

A. Years ago a board member asked, “didn’t we build that ice road last year?” He was advised that the roads melt annually.

Q. Does your company have an anniversary or other landmark event coming up?

A. Yes, Peak will be celebrating its 20th anniversary Dec. 1, 2007.

Q. What is the average length of time employees work for the company? Hiring for any positions?

A. Peak does not have a high turnover rate. The only exception to that is our staff that works in Prudhoe Bay on the ice roads — those jobs are seasonal. Peak tries to keep its seasonal employees working on other jobs throughout the year.

Current job openings are listed on our Web site listed below and we are always willing to accept resumes.

Q. What is your company’s safety record?

A. Peak has an exceptional safety record. All employees are committed to “safety taking precedence in all that we do.” Peak’s behavioral-based safety program engages all employees to continually strive for HSE excellence both on the job and at home. Having a good safety record doesn’t just happen. It is far more than a mindset or mandate — it is making safety an integral part of our daily lives.

Q. Does your company or its partners or subsidiaries maintain Web sites?

A. Yes, Peak has a Web site and it is kept current and up to date at all times. The Web site address is www.peakalaska.com.






Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.