ConocoPhillips Seeks to Expand Oil Exploration in Alaskan Arctic

Bloomberg.com · last updated July 14, 2025 – 6:55 PM

ConocoPhillips is pushing to explore for more oil near its mammoth Willow project in Alaska, betting there are vast reserves of undiscovered crude in the state’s Arctic north.

The company filed applications Monday with federal regulators asking to drill four new test wells and undertake seismic studies to search for additional oil in the National Petroleum Reserve-Alaska. It is ConocoPhillips’ largest proposed exploration campaign since 2020.

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