ConocoPhillips: Alaska winter exploration program looks promising

By Patrick C. Miller | April 23, 2018

Houston-based ConocoPhillips said the results of its 2018 winter exploration and appraisal program on Alaska’s western North Slope were “promising.”

The company had planned to drill five wells in its North Slope Willow Discovery, but because of improved drilling efficiencies, six wells were drilled. “All six wells plus a sidetrack encountered oil and verified the potential of the play,” ConocoPhillips said in a news release.

According to the company, its three Willow appraisal wells support the previously announced estimate of a recoverable resource potential of at least 300 million barrels of oil. In addition, the wells represent new discoveries, further extending the play concept across the western North Slope.

“The results of this year’s program are promising,” said Matt Fox, executive vice president of strategy, exploration and technology. “We are excited about the opportunity to extend our legacy in Alaska where we have a long track record of operational success and value creation.”

As part of the ConocoPhillips exploration program, five production flow tests were conducted. The company called results from all five tests “encouraging.” ConocoPhillips said it will assess the information and results from this winter’s activities in anticipation of another active exploration and appraisal season in 2019.