ConocoPhillips Alaska produces new oil.

• Position: BUSINESS

ConocoPhillips Alaska, Inc. announced that Kuparuk Drill Site 2S began producing oil, under budget and ahead of schedule. This is the first new drill site at Kuparuk in more than twelve years. Drill Site 2S is expected to add about eight thousand barrels of oil per day gross at peak production.

"Drill Site 2S is one of the key projects that we announced after passage of tax reform," said Joe Marushack, president ConocoPhillips Alaska. "The $475 million project created about 250 jobs during construction, with numerous contractor companies and trades involved."

Other Kuparuk owners include BP Exploration...