JOURNAL ARTICLE
ConocoPhillips Seeks New Oil Drilling in Alaskan Arctic.
Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Dlouhy, Jennifer A. 3 of 3
Abstract
The article focuses on ConocoPhillips' plans to explore for additional oil reserves near its Willow project in Alaska, which is valued at approximately $7.5 billion. The company has submitted applications to federal regulators to drill four new test wells and conduct seismic studies in the National Petroleum Reserve-Alaska, marking its largest exploration effort since 2020. While supporters argue that this exploration could provide essential crude oil and economic benefits to local communities, environmentalists and some Native Alaskans express concerns about the potential ecological impact and the need to reduce fossil fuel production to combat climate change. The proposed drilling activities would take place during the winter season, utilizing temporary infrastructure to support the exploration efforts. [Extracted from the article]
Additional Information
- Source:Bloomberg.com. 2025/07, pN.PAG
- Document Type:Article
- Subject Area:Mining and Mineral Resources
- Publication Date:2025
- Accession Number:186679885
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