Trans Alaska Pipeline to halt for maintenance

Fri Jul 27, 2012 1:48am IST

Related Topics

Stocks

   

ANCHORAGE, Alaska, July 26 (Reuters) - The Trans Alaska Pipeline will shut
down over the weekend to allow scheduled maintenance work, a company spokeswoman
said on Thursday.
   The shutdown is scheduled for Saturday and expected to last for 18 hours,
said Michelle Egan, corporate communications director for Alyeska Pipeline
Service Co, the pipeline's operator.
    North Slope oil output will be curtailed during the shutdown, with the
cutbacks spread among the producers, Egan said.
    "We are coordinating a pro-ration with the producers, so there'll be a
slowdown in production for the 18-hour period," she said.    
    Throughput in the pipeline averaged 517,573 barrels per day in June and
582,353 barrels per day for the first half of 2012, Alyeska reported.
    The focus of this weekend's shutdown -- the fourth of the summer -- is
mainline valve testing. A final summer maintenance shutdown is set for Aug. 5,
Egan said.
    In the past, Alyeska has conducted one or two shutdowns each summer to allow
for major projects to be completed without oil-flow complications. Those
shutdowns typically lasted 36 hours.
   This year, the company has opted for more frequent shutdowns of shorter
duration, Egan said. Alyeska has been using temporary bypass lines that allow
for maintenance tasks to continue even after throughput resumes, she said.
    Meanwhile, Alyeska's corporate ownership is undergoing a change.
    As of Aug. 1, minority owners Chevron and Koch Industries will no
longer be shipping any oil through the system. The two companies account for
just under 4.5 percent of Alyeska's ownership. 
    Earlier this summer, the companies gave notice to Alyeska's major owners -
BP, ConocoPhillips and Exxon Mobil - that they were
withdrawing from the Trans Alaska Pipeline System consortium.
    The major owners will decide what to do with the Chevron and Koch shares,
Egan said.
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Election 2014

REUTERS SHOWCASE

TCS Results

TCS Results

TCS net profit rises 51.5 percent, sees stronger sales growth.  Full Article | Quote 

Election 2014

Election 2014

Promises and more promises: India’s parties pitch their visions.  Full Article | Full Coverage 

India Markets

India Markets

Sensex slumps 207 points, at 2-1/2 week closing low.  Full Article 

Telecom Sector

Telecom Sector

RComm to raise mobile call tariff by up to 20 percent  Full Article 

Chinese Economy

Chinese Economy

China economic growth slows to 18-month low in first quarter  Full Article 

New Direction

New Direction

CEO Nadella pushes data culture at Microsoft.  Full Article 

Bitcoin ATM

Bitcoin ATM

China gets first bitcoin ATM, skirting bank crackdown.  Full Article 

Strong Sales Volume

Strong Sales Volume

Small is beautiful for Coca-Cola as volumes soar in China  Full Article 

Breakingviews

Breakingviews

Diageo throws money at Indian empire-building  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage