World Class Team
In June 2009, TransCanada and ExxonMobil agreed to work together to advance the Alaska Pipeline Project. A world class team, possessing an unprecedented combination of strengths, was created to prepare for the open season and to progress what could become the largest privately financed construction project in the history of North America.
TransCanada owns and operates one of the largest, most sophisticated natural gas pipeline networks in the world and has extensive construction and operating experience in cold weather climates. The company holds the construction certificates and property rights for the pipeline route through Canada under the Northern Pipeline Act, and has extensive expertise in efficiently advancing pipeline projects through the regulatory process.
ExxonMobil has proven global mega-project management experience and a long history of Arctic project successes and technological innovations. ExxonMobil has repeatedly demonstrated its ability to deliver world-class projects on time and within budget, and has proven expertise in innovative gas treatment, pipeline and compression technologies.
Both TransCanada and ExxonMobil bring their substantial financial strength to the project.
In its AGIA application, TransCanada offered equity opportunities to companies that commit their gas in the initial open season. We have worked with North Slope producers for many years in Alaska and have respect for their capabilities. We look forward to meaningful discussions to align on the Alaska Pipeline Project.
The TransCanada Advantage
- TransCanada has 50 years of successful pipeline operations, including pipelines in severe cold weather environments.
- It operates more than 36,000 miles (59,000 km) of pipelines.
- TransCanada delivers 20 percent of all natural gas consumed each day in North America.
- The company has extensive experience in meeting the regulatory requirements of U.S. and Canada in every area from tariffs to taxation to environmental review.
- TransCanada has already secured access to the Canadian portion of the pipeline route—60 percent of the total pipeline corridor—which is documented in a treaty between Canada and the U.S. and a certificate issued by Canada’s pipeline regulatory body.
The ExxonMobil Advantage
- ExxonMobil, as the largest holder of proven natural gas resources on the North Slope, has the ability to contribute a significant portion of the gas required to fill the pipeline.
- The company has world class project management expertise and has developed and operates some of largest oil and gas projects in the world, a track record extending from such different regions as frigid far eastern Russia to sub-Saharan Africa.
- ExxonMobil has repeatedly demonstrated its ability to deliver world-class projects on time and within budget.
- ExxonMobil is well known throughout the industry for technology innovations, including breakthroughs in the areas of gas treatment, pipeline, and compression technology.
- It also brings to the project the detailed US$125 million study of the pipeline system that was completed in 2002.