Josh Hanford has been Fircroft’s Brand Manager in our Anchorage office for almost a year. Here he discusses current oil and gas ventures in the region, as well as what it is like to live in Alaska.
What is the oil and gas industry like in Alaska?
The oil and gas industry in Alaska continues to flourish; more than one third of all jobs in Alaska are within the sector. Furthermore, the oil and gas industry is accountable for approximately one half of the overall economy in Alaska, and the state produces approximately 10% of all US oil. Since 1959, the state of Alaska has collected more than 157 billion US dollars.
The Alaska OCS (outer continental shelf) constitutes one of the world’s largest untapped resources, reaching as high as 26 billion barrels of oil and 132 tcf of natural gas. Furthermore, a recent US Department of Energy report estimated the recoverable oil reserves on the North Slope to be 22 billion barrels, including reserves from existing fields as well as undiscovered resources. The consistency of the sector means that although financial cuts are currently being made, there are still numerous job available in order to service all available resources.
Has the current oil price affected the oil and gas industry in Alaska?
It is spring in Alaska, the ice is melting, and one of our biggest clients will soon be moving their two ship fleets into the waters of the Chukchi Sea to begin their long awaited drilling season. Fircroft is working to expand our relationship with all our clients in Alaska, and as the drilling season begins, we look forward to further developing this particular relationship. Regardless of low oil prices, Alaska and Fircroft are consistently growing. New opportunities are around the corner with new clients coming aboard.
The current Alaska LNG joint venture project with two major oil and gas players and the state of Alaska is slowly clearing some legislative hurdles, with new goals for construction to begin in 2019. The pre-feed phase is underway with survey crews looking at the pathway, seeking easements, and purchasing rights of way where needed. Recently, a portion of the Sterling Highway on the Kenai Peninsula was identified as needing to be moved in order to accommodate the pipeline termination point. With all of this, little to no opposition has attempted to slow the progress. With a price tag of nearly $65 billion USD, the AK LNG project will be the largest project of it size, globally; great for Alaska and a fantastic opportunity for Fircroft.
What does the future hold for Fircroft Alaska?
Fircroft’s first office in Alaska opened in Anchorage in 2009. Over the past 6 years, the staff numbers have grown, along with our valued relationships with clients and contractors. Our office now consists of recruiters and resourcers, as well as other department members covering admin, finance and data.
There are many opportunities for growth in Alaska, to include new clients and expanding our presence with existing companies. The future is bright for Fircroft in Alaska and we look forward to growing business and exceeding expectations.
To contact the Fircroft Alaska office to discuss finding your next role or discussing your company’s recruitment needs, please click here.