President's Message
Kevin Hostler, President and CEO

Planning for the future

At Alyeska, we are looking ahead, discussing our future as a company, and more critically, addressing the future of the Trans Alaska Pipeline System. Today the pipeline delivers about 700,000 barrels of oil a day - only one third of the pipeline's peak throughput of 2.1 million barrels a day in 1988. With a predicted continuing decline of about 5 percent per year, Alaska cannot afford for us to be idle: With more than 90 percent of the state's annual budget coming from oil revenue, the integrity and reliability of the pipeline is as critical to Alaska as ever.  

So what do we do? Simply put, Alyeska must change the way it does business. Every employee on TAPS must commit to finding efficiencies, applying new technology, and simplifying processes. And we must do this while maintaining our focus on safety and system integrity, and our company's values and relationships.  

Over the past several months, I have talked to hundreds of employees about the need to take ownership of Alyeska and be part of the solution. In the community, Alyeska representatives have spoken about today's throughput to help build a statewide understanding of the challenges facing our industry.  

Internally, employees have stepped up to help with forward-looking initiatives and studies. Many efforts are beginning to result in change, including efficiencies in every department in the company and synergies across departments and divisions. Our responsible actions and preparations now will position TAPS for successful operations for years to come.