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The Interior Department has issued a Record of Decision regarding the proposed Willow Master Development Plan in the National Petroleum Reserve-Alaska (NPR-A). The Department is substantially reducing the size of the project by denying two of the five drill sites proposed by ConocoPhillips, which is seeking to develop oil and gas leases it acquired beginning in the late 1990s.
On March 13, the Biden administration approved a controversial plan known as the Willow Project, which essentially allows a local subsidiary of oil giant ConocoPhillips to develop an oil and gas field in Alaska.
President Biden signed off on the Willow Project, a 30-year oil drilling project expected to produce more than 600 million barrels of crude oil and create thousands of jobs.
A longtime hotbed of global politics, Arctic E&P operations these days are more fractured than ever. Hydrocarbon-triggered opposition from activists and governments, national geopolitical interests, and the omnipresent demand to produce oil and gas have shattered the circle into pieces.
A trio of oil projects gears up to boost throughput on the Trans-Alaska Pipeline System.