ConocoPhillips Developing Nuna Project from Kuparuk 3T Drill Site
Construction begins this year, with drilling next year, at ConocoPhillips’ Nuna project, just east of Colville River, using a drill site in the Kuparuk River Unit.
Tag: ConocoPhillips
ConocoPhillips Alaska Reports $416M in Q1 Earnings
ConocoPhillips Alaska reported net income of $416 million in the first quarter of 2023, as the company ramps up development of the Willow field.
Willow Is Go, but Arctic Offshore Is No
The Biden administration approved a scaled-down plan for ConocoPhillips’ Willow project while announcing further restrictions on North Slope oil development.
ConocoPhillips Alaska’s Extended Reach Helps Shrink Its Carbon Footprint
ConocoPhillips Alaska’s optimization of new technologies and commitment to sustainable development has enabled it to reduce its footprint in the environment by extending drilling from fewer well pads, providing increased revenue and employment opportunities in the state.
Santos Advances Pikka Project on the North Slope
The final investment decision is “yes” for Australian oil company Santos to proceed with developing the Pikka Project on the North Slope.
Repsol Predicts First Oil from Pikka Project in 2026
The timeline for the Pikka project appears to be slipping since the arrival of a new majority partner, Santos, late last year.
First Oil from Greater Mooses Tooth #2
The Greater Mooses Tooth #2 drill site in the National Petroleum Reserve-Alaska has achieved first oil production, according to ConocoPhillips Alaska.
ConocoPhillips ‘Hits Reset’ in 2021
ConocoPhillips’ size and dominance in Alaska weren’t enough to inoculate it from the effects of the COVID-19 pandemic; however, 2021 was a “reset” year for the company, which produced approximately 208,000 barrels of oil equivalent per day in Q1 with an average price of $60 per barrel.
Maintenance: Key to Production
From spearing new prehistoric pools of crude oil to reworking a field to extract oil deposits previously untapped, drilling rigs are the machines that power the oil and gas industry. But, like any machine, they require significant maintenance and care to keep operating at maximum efficiency.
Biden Administration Determines ConocoPhillips Willow Project ROD Is Legally Sufficient
The filing follows weeks of advocacy and outreach by Senators Lisa Murkowski and Dan Sullivan and Congressman Don Young to members of the Biden administration.