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ConocoPhillips concludes 2018 winter exploration & appraisal program in Alaska; confirms Willow with at least 300 MMBO

ConocoPhillips has concluded its 2018 winter exploration and appraisal program in Alaska. The company’s original plan was to drill five wells on the Western North Slope comprising two appraisal wells of the Willow Discovery announced in January 2017, plus three exploration wells.

Due to improved drilling efficiencies, the company was able to drill a total of six wells, including an additional Willow appraisal well. All six wells plus a sidetrack encountered oil and verified the potential of the play.

NorthSlopeOilAndGasActivityMap-201704

The three Willow appraisal wells support the previously announced estimate of a recoverable resource potential of at least 300 million barrels of oil (MMBO).

The three exploration wells represent new discoveries for the company and further extend the play concept across the Western North Slope.

As part of the exploration program, a total of five production flow tests were conducted. Results from all five tests were encouraging, the company said.

The company will assess the extensive information and results from this winter’s activities in anticipation of another active exploration and appraisal season in 2019.

ConocoPhillips is Alaska’s largest oil producer and has been a leader in oil and gas exploration and development in the state for more than 50 years.

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