ConocoPhillips is Alaska’s largest crude oil producer and one of the largest owners of state, federal and fee exploration leases, with approximately 0.5 million net undeveloped acres at year-end 2016.
ConocoPhillips has major ownership interests in two of North America’s largest oil fields, both located on Alaska’s North Slope—Kuparuk, which the company operates, and Prudhoe Bay. Additionally, ConocoPhillips has a significant operating interest in the Alpine Field, located on the Western North Slope.
Significant oil exploration and development opportunities still exist on the North Slope of Alaska. In 2016, the company drilled two exploration wells that encountered significant pay in the Greater Mooses Tooth Unit. The discovery, Willow, is located in the northeast portion of the NPR-A. ConocoPhillips is pursuing several new developments and evaluating additional North Slope investments on its onshore acreage.