ConocoPhillips gets federal go-ahead for North Slope oil project


March 15, 2023

The Biden administration on Monday approved an $8 billion oil development on Alaska’s North Slope.

ConocoPhillips’ Willow prospect in the National Petroleum Reserve-Alaska is expected to be one of the largest oil fields developed in the state in decades and could produce oil for 30 years.

The administration’s decision is not likely to end the debate, however, with litigation expected from environmental groups.

Depending on litigation, first oil could flow before the end of the decade. Peak production, estimated at 180,000 barrels of oil a day, could come a few years after operations b...

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