A decision from Interior that blocks or further shrinks conocophillips's Willow project in Alaska would thwart POTUS's demand for more production from Big Oil, the company's CEO said.
Interior's Bureau of Land Management is set to decide the fate of Willow, a large oil project in northern Alaska, as soon as this week. Environmental groups are lobbying the administration to deny ConocoPhillips's plan to expand production in the North Slope, and recent reporting indicated the White House is considering intervening and shrinking the project or putting limits on drilling.The department has also said it has"substantial concerns" with the project.
ConocoPhillips's master development plan for Willow seeks to develop five drill pads in the National Petroleum Reserve in Alaska, along with supporting road and bridge infrastructure, to support the ultimate production of 180,000 barrels of oil per day over the course of three decades. ConocoPhillips has said three pads would be acceptable but warned that a further reduction would make the project nonviable and effectively kill it.
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