COP · News · 20260812N

Kuparuk Development Drilling

CONOCOPHILLIPS · 2026-08-12 · Importance 52 · Surprise 42 · In source text

ConocoPhillips Alaska’s $800 million Coyote 3SX project in the Kuparuk River Unit achieved first oil on August 7, ahead of schedule and under budget. The development is the 50th drill site in the Greater Kuparuk Area and comprises 19 development wells. Production is expected to reach a peak rate of 12,000 barrels per day. The project uses existing North Slope infrastructure to increase output and support Alaska royalties, tax revenue, and local jobs.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
revenuepositiveprobable—The Coyote project is expected to reach a peak oil rate of 12,000 barrels per day from nineteen development wells.