COP · News · 20260821N
Kuparuk Development Drilling
CONOCOPHILLIPS · 2026-08-21 · Importance 52 · Surprise 42 · In source text
ConocoPhillips Alaska achieved first oil at the Coyote 3SX development in the Kuparuk River Unit on Alaska’s North Slope on August 21, 2026. The approximately $800 million project was delivered ahead of schedule and under budget and is expected to reach a gross peak production rate of 12,000 barrels per day. The development is intended to extend legacy Alaska assets and support throughput on the Trans-Alaska Pipeline System, while the company emphasized the importance of a stable fiscal framework for future regional investment.
Key facts
- The Coyote 3SX project is projected to reach a gross peak oil production rate of 12,000 barrels per day. source
- The Coyote 3SX project is approximately US$800 million. source
- ConocoPhillips Alaska achieved first oil at its Coyote 3SX development in the Kuparuk River Unit on Alaska's North Slope. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | contingent | — | The Coyote 3SX project is projected to reach a gross peak oil production rate of 12,000 barrels per day. |