“HOUSTON – ConocoPhillips (NYSE: COP) welcomes the Alaska District Court decision upholding the Bureau of Land Management (BLM) March 2023 Record of Decision (ROD) for the Willow project. Following this outcome, ConocoPhillips Alaska will proceed with plans for a full winter construction season for Willow infrastructure.
“The court’s decision confirms our confidence that the BLM’s review complied with all legal requirements,” said Erec Isaacson, president, ConocoPhillips Alaska. “Willow underwent nearly five years of rigorous regulatory review and environmental analysis, including extensive public involvement from the communities closest to the project site. We now want to make this project a reality and help Alaskan communities realize the extensive benefits of responsible energy development.”
Designed to support and coexist with subsistence activities, including rigorous adherence to approximately 270 protective measures currently in place for the National Petroleum Reserve-Alaska, Willow has broad support from North Slope stakeholders and other Alaskans.
“Now, more than ever, America’s natural resource development needs to be prioritized to enhance our nation’s energy security. We are grateful for the steadfast support this project received from the bipartisan Alaska Congressional Delegation, Alaska Native organizations, trade and labor unions and the State of Alaska,” Isaacson added.
According to the BLM, the Willow project is expected to deliver $8 billion to $17 billion in new revenue for the federal government, the State of Alaska and North Slope Borough communities. Willow will be built using materials primarily made and sourced in the U.S. and has the potential to create over 2,500 construction jobs and approximately 300 long-term jobs. Located in the National Petroleum Reserve-Alaska, the Willow project is estimated to produce 180,000 barrels of oil per day at its peak, decreasing American dependence on foreign energy supplies.
About ConocoPhillips Alaska
ConocoPhillips Alaska has been leading the search for energy in Alaska for more than 50 years. The company is committed to responsibly developing Alaska’s resources, providing economic opportunity for Alaska, operating at the highest safety standards and being good stewards of our communities. For more information, visit www.conocophillipsalaska.com.
Rebecca Boys (Alaska media)
907-263-4115
rebecca.a.boys@conocophillips.com
Dennis Nuss (media)
281-293-1149
dennis.nuss@conocophillips.com
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