Oilfield and construction services
AIC provides resource development and heavy construction services for a variety of public works, mining, and oil and gas projects. The national recession and depressed oil, gas and commodity prices reduced demand for AIC's services in 2009. However, AIC is working to expand its civil construction portfolio and worked on several large civil projects in Southcentral and Southeast Alaska in 2009. It is pursuing additional new Alaska civil construction projects in 2010, and CIRI believes that ongoing economic recovery and increasing world energy prices will support demand for AIC's services this year.
Peak provides a variety of equipment, maintenance, support, construction and general contracting services to oil, gas and chemical projects on Alaska's North Slope, along the Kenai Peninsula, in Anchorage, the Matanuska Valley and Valdez. Peak also provides procurement, safety, engineering services and electric power systems across Alaska. World energy price declines reduced demand for Peak's oil and gas exploration services in 2009, but CIRI believes that demand for Peak's services will continue into the foreseeable future.
