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Alaska Development Strategy

CONOCOPHILLIPS · 2026-08-25 · Importance 23 · Surprise 24

ConocoPhillips executive vice president Kirk Johnson said increased Arctic activity is “inevitable” at the ONS conference in Stavanger, Norway, on August 25, 2026. The company sees Northern regions as continuing to offer opportunities for oil and gas exploration and production. The report provides no project-specific investment amount, production target, or timeframe beyond the ongoing Arctic outlook.

Key facts

• ConocoPhillips believes that increased activity in the Arctic is "inevitable." source
• Kirk Johnson, executive vice president of global operations and technical functions at ConocoPhillips, made the statement at the ONS conference in Stavanger, Norway. source