Willow Project

Advancing Alaska’s Economic and Energy Future

  • money icon - willow project will generate between 8 and 17 billion in revenue

    Billions in revenue

  • construction hat - willow project will create approximately 2500 jobs

    ~2,500 jobs
    300 permanent jobs

ConocoPhillips’  Willow project is important for Alaska’s economy and for America’s energy security. Located on Alaska’s North Slope, Willow is one of the company’s most recent exploration projects. Estimated to produce ~180,000 barrels of oil per day at its peak, the project will strengthen America’s energy security and stimulate economic growth.

According to Bureau of Land Management (BLM) estimates, Willow could generate between $8 and $17 billion in new revenue for the federal government, the state of Alaska and North Slope Borough communities. During construction, Willow is expected to create as many as 2,500 jobs, with a majority of labor provided by union workers along with 300 permanent jobs.

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willow project drill site

Willow’s History

Project planning has spanned five presidential administrations. ConocoPhillips acquired the first Willow area leases in 1999, during the Clinton administration, and began the development permitting process in 2018. Since then, the project has undergone nearly five years of rigorous regulatory review and environmental analysis, including extensive baseline scientific studies.

The Willow project complies with the 2022 National Petroleum Reserve-Alaska (NPR-A) Integrated Activity Plan (IAP), which was developed under the Obama-Biden administration. The IAP defines what acreage is available in NPR-A for oil and gas leasing and the stipulations attached to development. ConocoPhillips reliably meets all applicable environmental mandates, including adherence to approximately 270 mitigation and best practices currently in place for the NPR-A.

The new Alternative E, developed by the BLM and cooperating agencies, responds to the Alaska District Court order and presents a good path forward for the Willow project. Alternative E represents a reduction in surface infrastructure and associated impacts, addresses stakeholder comments and enables a practical way forward for the project.

There was extensive public involvement in the Willow project, including more than 215 days of public comment and 25 in-person public meetings in Anchorage, Fairbanks, Nuiqsut, Utqiagvik, Atqasuk, and Anaktuvuk Pass.

  • 1999

    ConocoPhillips acquired the first Willow area leases

  • 2018

    Began the development permitting process

  • 2022

    ConocoPhillips reliably meets all applicable environmental mandates

Quick Facts about the Willow Project

ECONOMIC BENEFITS

3.9B in federal royalty income tax and travel sales. 1.2B North Slope Borough revenue from property tax. 2.3B NPR-A impact migration grant funds returned to state. 1.3B state of alaska revenue from production, property, and income taxes.

1Tax revenue assumptions based on Alaska Department of Revenue Fall 2021 Revenue Source Book ($60.66 per barrel average real ANS price).

2Represents 50% of federal royalty, the remaining 50% shown under NPR-A impact Mitigation grant funds.

JOBS CREATED

    • ~2,500

      Construction jobs

    • ~300

      Long-term jobs

    • construction hat percent icon 75% filled. 75% of the installation will use union labor
      ~75%

      of the anticipated total North Slope installation manhours will use union labor.

    • clock icon, the willow project will require approximately 9 million manhours
      9MM

      The project will require approximately 9 million manhours.

RESOURCES PRODUCED

  • oil barrel icon, peak production will be approximately 180,000 barrels of oil per day and 600MM cumulative barrels of recoverable oil

    Peak production

    ~180,000

    Barrels of oil per day

  • oil barrel icon, peak production will be approximately 180,000 barrels of oil per day and 600MM cumulative barrels of recoverable oil

    Peak production

    ~600MM

    Cumulative barrels of recoverable oil