Conoco signs three long-term contracts

ConocoPhillips Alaska recently signed three engineering contracts to support its North Slope business.

The company said five-year contracts with URS Corp., 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.”

“The contracts will support new projects like 1H NEWS (Northeast West Sak) as well as maintenance projects and expansion of infrastructure to accommodate increased drilling,” Trond-Erik Johansen, president of ConocoPhillips Alaska, said in an Oct. 7 statement.

The company said that since passage of Senate Bill 21 in March 2013 it has announced the addition of three rigs to its North Slope drilling fleet, as well as its intention to pursue three major projects: Kuparuk Drill Site 2S, 1H NEWS and Greater Mooses Tooth 1, GMT-1, projects representing some $2 billion in new investments, job potential, opportunities for Alaska businesses, additional revenue to the state “and tens of thousands of barrels per day of new oil.”

- Petroleum News