ConocoPhillips Alaska.

• Author: Slaten, Russ
• Position: INSIDE ALASKA BUSINESS

ConocoPhillips Alaska, Inc. announced in October that the Kuparuk field expansion project Drill Site 2S has been sanctioned for funding by ConocoPhillips and the Kuparuk co-owners. Plans for construction will move forward. This is the first new drill site at Kuparuk in nearly twelve years, and it is expected to add about eight thousand barrels of oil per day gross at peak production.

The approximately $500 million (gross) Drill Site 2S project includes a new gravel road and a new drill site, power lines, pipelines, and other new surface facilities. ConocoPhillips began laying gravel for the project in the first quarter of 2014 in order to initiate facility construction in late 2014. Drilling is slated to begin in mid-2015, with first oil...