2023 Production Mix
Full-year 2023 production in the Alaska segment was 195 MBOED.
Alaska
ConocoPhillips Alaska, Inc. (CPAI) is Alaska’s largest crude oil producer and largest owner of exploration leases, with approximately 1 million net undeveloped acres at year-end 2023.
CPAI holds major ownership interests in two of North America’s largest legacy conventional oil fields, both located on Alaska’s North Slope: Kuparuk, which the company operates, and Prudhoe Bay. Additionally, CPAI operates several fields on the Western North Slope.
Significant oil exploration and development opportunities still exist on the North Slope, with active programs underway. More than 75% of the company’s North Slope exploration portfolio is undrilled.
Alaska at a Glance
195 MBOED
Production
1.5 BBOE
Proved Reserves
$1.7 B
Capital Spend
1.6 MM
Net Acreage
5
Double-hulled Tankers
As of December 31, 2023
Willow Project
Advancing Alaska’s economic and energy future