ConocoPhillips announce promising oil discovery on Alaska's North Slope

FAIRBANKS - ConocoPhillips announced Monday that three appraisal wells drilled in its Willow prospect on the North Slope support its earlier estimate that the field contains at least 300 million barrels of recoverable oil.

Conoco announced the Willow discovery and its potential in January 2017. The discovery is in the company's Greater Mooses Tooth Unit, located in the northeast area of the National Petroleum Reserve-Alaska. NPR-A is in the central region of the North Slope, west of, but not adjacent to, the Arctic National Wildlife Refuge.

The Willow announcement was part of news release outline the results of the company's winter exploration and appraisal program in the state.

"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," the news release reads. "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."

Read more: http://www.newsminer.com/business/conocophillips-announce-promising-oil-discovery-on-alaska-s-north-slope/article_1816af62-41c1-11e8-a80c-ab09d1f7bde1.html

Cross-posted to the Environment & Energy Group.