ConocoPhillips Seeks New Oil Drilling in Alaskan Arctic

ConocoPhillips is pushing to explore for more oil near its roughly $7.5 billion Willow project in Alaska, betting there are vast reserves of undiscovered crude in the state’s Arctic north.

The company filed applications Monday with federal regulators asking to drill four new test wells and undertake seismic studies to search for additional oil in the National Petroleum Reserve-Alaska. If approved, it would be ConocoPhillips’ largest exploration campaign since 2020.