Peak production
~180,000
Barrels of oil per day
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.
Peak production
Barrels of oil per day
Peak production
Cumulative barrels of recoverable oil
Project planning 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.
The three core pads of Alternative E, approved in the March 2023 Record of Decision, represent 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
2023
The three pad Willow project is approved