Alaska
ConocoPhillips is Alaska’s largest crude oil producer and largest owner of exploration leases, with approximately 1.2 million net undeveloped acres at year-end 2022.
ConocoPhillips has major ownership interests in two of North America’s largest legacy conventional oil fields, both located on Alaska’s North Slope: Kuparuk, which the company operates, and Prudhoe Bay. Additionally, ConocoPhillips operates several fields on the Western North Slope.
Significant oil exploration and development opportunities still exist on the North Slope, with active programs underway in the Kuparuk River, Colville River, Greater Mooses Tooth and Bear Tooth units. More than 75% of the company’s North Slope exploration portfolio is undrilled.
Alaska at a Glance
As of December 31, 2022
2022 Production Mix
Full-year 2022 production in the Alaska segment was 200 MBOED.
Willow Project
Advancing Alaska’s economic and energy future