ConocoPhillips said it intends to broaden oil exploration across Alaska’s Arctic North Slope, targeting prospects adjacent to its large Willow development. The company is betting the region holds significant undiscovered reserves that could bolster its long-term production profile. The program will require multiple federal and state permits and is expected to draw close scrutiny from environmental groups and regulators concerned about drilling in the fragile Arctic ecosystem. Even if approvals are granted, new barrels would not reach the market for several years, but the move underscores the producer’s confidence in continued global demand for crude.
ConocoPhillips is doubling down on Arctic North Slope oil with new exploration near its massive Willow project. This aligns perfectly with Trump’s push for energy dominance but will add no supply for many years. https://t.co/foAPfUJY7l #energy #OOTT #oilandgas #WTI #CrudeOil https://t.co/ezANcAhMyY
ConocoPhillips is pushing to explore for more oil near its mammoth Willow project in Alaska, betting there are vast reserves of undiscovered crude in the state’s Arctic north https://t.co/jnKmsGtuWE
ConocoPhillips to expand oil exploration in Arctic Alaska.