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Nine months after the Biden administration approved it, ConocoPhillips Inc. announced it has officially sanctioned full development of its huge Willow oil project on Alaska’s North Slope.
ConocoPhillips announced a final investment decision for the estimated $8B North Slope energy development four days after a US appeals court rejected opponents' latest plea to stop $900M of now underway winter construction.
ConocoPhillips estimates that Alaska’s Willow project will produce approximately 600 MMbbl over its lifetime, the company said.
(Reuters) -U.S. oil giant ConocoPhillips on Friday gave the financial greenlight to its $8 billion Willow oil and gas drilling project in Alaska.