Earlier this week, ASRC announced it had purchased federal leases in and near Camden Bay. These leases in the Beaufort Sea were formally owned by Shell. While today's announcement from the DOI does not directly affect these leases, regulatory actions such as this negatively impact the interest in responsible development of the Arctic OCS.
Arctic Slope Regional Corporation is owned by and represents the business interests of the Arctic Slope Iñupiat. Since opening enrollment in 1989 to Alaska Natives born after 1971, the corporation's shareholder base has nearly tripled, growing from the 3,700 original enrollees to around 13,000 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 six major business segments: petroleum refining and marketing, energy support services, industrial services, construction, government services and resource development.
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SOURCE Arctic Slope Regional Corporation