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WASHINGTON (Reuters) -The oil industry on Monday cheered the U.S. government's greenlighting of ConocoPhillips' multibillion-dollar oil drilling project in Alaska's Arctic, but court challenges ...
We forecast 2025 production to be in the range of 2.34 million to 2.38 million barrels of oil equivalent per day. This takes into account 20,000 barrels per day of planned turnarounds.
Nov. 10—ConocoPhillips has bold plans to begin building the Willow oil field project this winter in the wake of a favorable court decision this week. The company expects to spend $900 million ...
In 2020, it was thought that over its anticipated 30-year life, the Willow project could produce 200,000 barrels of oil per day, producing up to 600 million barrels of oil in total. According to estimates by the Bureau of Land Management (BLM), Willow could generate between $8 and $17 billion in revenue. [ 4 ]
In August 2021, a federal judge reversed the U.S. government's approval of ConocoPhillips' planned $6 billion Willow oil development in Alaska due to problems with its environmental analysis. [5] This ruling was a blow to the massive drilling project that Alaskan officials had hoped would help offset oil production declines in the state. [5]
Top 5 oil-producing countries 1980–2022 World oil production This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
A: The project could produce up to 180,000 barrels of oil a day, according to the company — about 1.5% of total U.S. oil production. But in Alaska, Willow represents the biggest oil field in ...
The 2012 production was less than the 570 million barrels (91 × 10 ^ 6 m 3) in 2009; [16] however, due to new deep-water discoveries, the U.S. Bureau of Ocean Energy Management, Regulation and Enforcement projects that oil production from the Gulf of Mexico will increase to 686 million barrels (109.1 × 10 ^ 6 m 3) per year by 2013.
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