This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Point Thomson Project Reaches Construction Milestones

Stocks in this article: XOM

ExxonMobil’s Point Thomson project successfully completed a number of infrastructure milestones during the summer as part of an ongoing commitment to Alaska’s energy future.

“ExxonMobil is strongly committed to hiring Alaskans and, with its contractors, employed more than 1,100 Alaskans during the 2013 winter work season,” said Gina Dickerson, senior project manager at Point Thomson. At its peak, more than 500 people worked on Point Thompson site development this summer.

Alaska Frontier Constructors were involved in completing the site airstrip and finishing construction of a service pier. A permanent camp, providing meals and housing to project workers, was built and is now fully operational. More than 35 Alaska companies worked on the project during the summer.

Point Thomson’s telecommunications and power systems are also fully operational. Completion of a condensate export pipeline – linking Point Thomson to the trans-Alaska pipeline system – is expected this winter. More than 2,200 vertical pipeline supports have been installed.

“Point Thomson’s infrastructure can help unlock the eastern portion of the North Slope for expanded exploration and development activity,” said Dickerson. “Along with our contractors and partners, we’re very proud to be building a project on the North Slope that will significantly contribute to realizing Alaska’s full energy potential.”

Worley Parsons Group Inc., the primary engineering, procurement, and construction management contractor for Point Thomson, recently awarded two subcontracts for the next major phases of development.

CH2M HILL Alaska was awarded a subcontract for the installation of production system modules that make up the principle components of the permanent Point Thomson facilities. CH2M HILL is partnering with ASRC Energy Services and Delta Construction on field work beginning in 2014.

CH2M HILL Alaska was also awarded a subcontract to fabricate and install the standby power-generation module, which will provide backup power for the entire facility in 2014.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs