COP · Earnings call · 2026Q3T · Full report

Alaska Satellite Exploration

CONOCOPHILLIPS · 2026-11-05 · Importance 40 · Surprise 42

ConocoPhillips said it drilled roughly four exploration wells in Alaska in the prior winter season and saw results that supported its confidence in adding resources to Willow. It plans about four more wells and additional seismic work in the next winter season, with federal permits received to begin the program. The company is evaluating satellite pads that could tie back to Willow after first oil, using existing infrastructure to develop resources with low, ratable capital spending.

Key facts

• CONOCOPHILLIPS said it had received federal permits to begin its Alaska North Slope drilling program that winter.
• CONOCOPHILLIPS drilled roughly four Alaska exploration wells in the last winter season and planned roughly four more wells plus additional seismic in the next winter season.
• CONOCOPHILLIPS said Alaska satellite pads could use Willow infrastructure and be developed with low, ratable capital spending to bring additional resources into Willow after it came off plateau.