Conoco wants to start work this winter on $8 billion North Slope project
November 23, 2022
A top official with ConocoPhillips said the company expects to start working early next year on the $8 billion Willow oil prospect in Alaska, an effort that could lead to more than 2,000 construction jobs in the coming years.
The project is located in the 23-million-acre National Petroleum Reserve-Alaska on the North Slope. The reserve is home to migratory birds, polar bears and calving grounds for the Teshekpuk Lake caribou herd.
Willow could potentially produce 600 million barrels of oil over a 30-year life, according to estimates. Peak production could reach 180,000 barrels a day, accord...