COP · News · 20260822N
Alaska Development Strategy
CONOCOPHILLIPS · 2026-08-22 · Importance 52 · Surprise 42
ConocoPhillips Alaska achieved first oil from the Coyote 3SX development in the Kuparuk River Unit on Alaska’s North Slope. The approximately US$800 million project was completed ahead of schedule and under budget, making it financially material under the stated threshold. Coyote 3SX is projected to reach a gross peak production rate of 12,000 barrels per day and is expected to support throughput on the Trans-Alaska Pipeline System.
Key facts
- ConocoPhillips has appointed CFO Andy O'Brien as its new CEO, effective September 1, 2026, with Ryan Lance becoming executive chairman. source