COP · News · 20260819N
Alaska Development Strategy
CONOCOPHILLIPS · 2026-08-19 · Importance 52 · Surprise 42 · In source text
ConocoPhillips Alaska achieved first oil at the $800 million Coyote 3SX development in the Kuparuk River Unit on August 7, 2026. The project came online ahead of schedule and under budget, with expected peak gross production of approximately 12,000 barrels per day. Coyote uses existing infrastructure and requires additional pipeline infrastructure, while ConocoPhillips invests approximately $1 billion annually to sustain and expand its legacy Alaska assets.
Key facts
- ConocoPhillips invests approximately $1 billion annually to sustain and expand production from its legacy Alaska assets. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -0.7% | ConocoPhillips invests approximately $1 billion annually to sustain and expand production from its legacy Alaska assets. |
| assets | positive | committed | +0.7% | ConocoPhillips invests approximately $1 billion annually to sustain and expand production from its legacy Alaska assets. |