Name of the Project
Willow project.

Location
National Petroleum Reserve in Alaska, in the US.

Project Owner/s
ConocoPhillips Alaska.

Project Description
The proposed project has estimated reserves of 1.6-billion barrels of oil equivalent.

It is expected to produce 180 000 bbl/d oil at its peak and about 600-million barrels of oil equivalent over the life of the project.

Potential Job Creation
The project has the potential to create more than 2 500 construction jobs and about 300 long-term jobs.

Capital Expenditure
About $1-billion.

Planned Start/End Date
Not stated.

Latest Developments
The project received the Department of the Interior’s record of decision (RoD) on the project in March 2023.

ConocoPhillips Alaska completed extensive preparations with key contractors and expects to immediately initiate gravel road construction activities. The company continues to review the RoD and will advance in-house approval processes towards a final investment decision.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
ConocoPhillips, tel +1281293 5000 or email investor.relations@conocophillips.com.