ConocoPhillips is clear to move ahead on its $1.5 billion project to begin drilling new oil wells in Alaska’s National Petroleum Reserve.
The Bureau of Land Management announced this week that in a joint decision with the U.S. Army Corps of Engineers it had approved ConocoPhillips’ 2015 application to operate an access road and other infrastructure and begin drilling.
The proposed site, named Greater Mooses Tooth 2, is about 20 miles southwest of ConocoPhillips’ existing Alpine Central Facility.
Conoco, which is headquartered in Houston, is scheduled to begin construction on the site this winter, with oil to begin flowing by late 2021.
This article first appeared on the Houston Chronicle – an Energy Voice content partner. For more from the Houston Chronicle click here.
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