US GOVERNMENT APPROVES CONOCOPHILLIPS’ WILLOW PROJECT ON ALASKA NORTH SLOPE
ConocoPhillips welcomes the Department of the Interior’s Record of Decision (ROD) on the Willow project, adopting the three core pads detailed in the Bureau of Land Management (BLM) preferred Alternative E. ConocoPhillips Alaska completed extensive preparations with key contractors and expects to immediately initiate gravel road construction activities. The company continues to review the ROD and will advance internal approval processes towards a Final Investment Decision.
After nearly five years of rigorous regulatory and environmental review, the National Environmental Policy Act (NEPA) process is complete. Willow is designed to support and coexist with subsistence activities with many mitigation measures built into the project design.
Located in the National Petroleum Reserve in Alaska (NPR-A), the Willow project is estimated to produce 180,000 barrels of oil per day at its peak, decreasing American dependence on foreign energy supplies. The project is projected to deliver between $8 billion to $17 billion in new revenue for the federal government, the state of Alaska and North Slope Borough communities.
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