ConocoPhillips is Alaska’s largest crude oil producer and largest owner of exploration leases, with approximately 1.6 million net undeveloped acres at year-end 2021.
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 the Alpine Field located on the Western North Slope.
Significant oil exploration and development opportunities still exist on the North Slope, with active programs underway in Kuparuk River, Colville River and Bear Tooth and Greater Mooses Tooth units. More than 75% of the company’s exploration portfolio is undrilled. Final appraisal of the Willow and Narwhal discoveries was completed in 2020.
Alaska at a Glance
As of December 31, 2021
2021 Production Mix
Full-year 2021 production in the Alaska segment was 197 MBOED.
Alaska Fact Sheet
ConocoPhillips Alaska Website