ASRC Energy Services Response Operations and Foss Maritime Announce Joint Venture
Subsidiary of Alaska’s largest native corporation joins with one of America’s largest coastal tug and barge companies to meet growing demand for marine services in the Arctic
ANCHORAGE, ALASKA, December 3, 2013 – ASRC Energy Services Response Operations, LLC, a leading offshore spill response operator in Alaska, and Foss Maritime Company, one of the nation’s largest coastal tug and barge operators, have formed a joint venture to together pursue marine services opportunities throughout Alaska.
The joint venture, called AES-Foss Marine, LLC, will be headquartered in Anchorage, Alaska. The venture will build upon the strengths of each company to provide marine services throughout the state.
“We strive to partner with companies that believe in responsible development and will protect our resources through safety and environmental stewardship,” said Jeff Kinneeveauk, President and CEO of ASRC Energy Services, Inc., the parent company of ASRC Energy Services Response Operations, LLC. “And in that regard Foss certainly is a maritime industry leader. They are also a good partner because they share, respect and understand our Iñupiat cultural values.”
ASRC Energy Services Response Operations, LLC (ARO) provides a variety of offshore oil spill response equipment supported by highly trained response personnel. ARO is an indirect subsidiary of Alaska’s largest native corporation, Arctic Slope Regional Corporation (ASRC).
Gary Faber, President Global Services of Foss Maritime, said, “The business success of ASRC speaks for itself. And like ASRC, safety and environmental stewardship are at the core of Foss’ corporate values. For mariners, Alaska represents challenges beyond those found in the Lower 48, but it also presents great opportunities. Foss is positioned to be part of these projects with our decades of experience in Alaskan waters and our significant investments in state-of-the-art vessels and equipment.”
Seattle-based Foss Maritime brings more than a century of marine transportation experience in Alaskan waters to the venture.
One of the attractions for both partners is the prospect of a program to train Iñupiat people for jobs in a growing north coast maritime industry. Foss has been part of similar partnerships with other native groups.
ASRC has been one of the state’s leading corporations for nearly two decades with revenues in excess of $2.6 billion and has five distinct businesses in several sectors that include energy and oilfield services. The corporation holds title to nearly five million acres of land on the North Slope that have either known resources or are highly prospective for oil, gas, coal and base metal sulfides. As stewards of this land, ASRC is committed to developing these resources and bringing them to market in a manner that respects Iñupiat subsistence values, while ensuring proper care of wildlife and the environment.
# # #
About ASRC Energy Services Response Operations, LLC
ARO is a subsidiary of ASRC Energy Services, the largest Alaska-based, minority-owned, oil and gas service company. ARO offers a range of spill response services using its large inventory of state-of-the-art equipment, resources and trained responders available to assist in meeting various levels of contingency planning and oil spill response requirements. ARO is certified by the State of Alaska as a Primary Response Action Contractor (PRAC) and as a federally-recognized Oil Spill Removal Organization (OSRO). For more information please visit www.asrcenergy.com.
Arctic Slope Regional Corporation is owned by and represents the business interests of the Arctic Slope Iñupiat. Since opening enrollment in 1990 to Alaska Natives born after 1971, the corporation’s shareholder base has nearly tripled, growing from the 3,700 original enrollees to around 11,000 today. Corporate headquarters are based in Barrow, Alaska, with administrative and subsidiary offices located in Anchorage and throughout the United States. ASRC, along with its family of companies, is the largest Alaskan-owned company,employing approximately 10,000 people worldwide. The company has five major business segments: petroleum refining and marketing, energy support services, construction, government services and resource development.