ConocoPhillips Alaska
  • Who We Are
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    Who We Are

    We have been Alaska’s largest oil producer and a leader in oil and gas exploration and development for more than 50 years.

    Alaska Operations

    We are Alaska's oil and gas company. GO

    SPIRIT Values

    A culture based on our values. GO

    Projects

    Investing in Alaska's energy future. GO

    Alaska Leadership

    ConocoPhillips Alaska's Executive Team. GO

    Our History

    A long and proud history in Alaska. GO

    Our Workforce

    Contributing to Alaska's economy for over 50 years. GO

  • What We Do
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    What We Do

    ConocoPhillips has a long and proud history in Alaska as the state’s largest oil and gas producer.

    Oil Production

    Policy reform leading to new investment, a stronger economy, and a more prosperous future. GO

    Transportation

    Safely transporting oil and natural gas by pipeline & tanker to bring Alaska's resources to market. GO

    Natural Gas

    Before we drill, drilling and extraction, processing, what is oil used for? GO

    Exploration

    Dedicated to developing energy solutions for today and tomorrow . GO

    Arctic Operations

    Operating in the Arctic presents great opportunities along with great challenges. GO

    Vendor Information

    ConocoPhillips Alaska Vendor Information. GO

  • Sustainable Development
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    Sustainable Development

    Conducting our business in a way that promotes economic growth, a healthy environment, and vibrant communities, now and in the future.

    Environment

    Committed to protecting the environment we share with all Alaskans. GO

    Safety

    At ConocoPhillips Alaska, safety is our first priority. GO

  • In Communities
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    In Communities

    Helping improve the quality of life in the communities where we live and work is a fundamental value for us.

    Community Engagement

    Working diligently to build respectful relationships with our stakeholders. GO

    Volunteerism & the Community

    Our employees believe strongly in being involved in Alaska’s communities. GO

    Community Investment

    We donate millions of dollars to community organizations annually. GO

    Grant Applications

    We believe strongly in neighbors helping neighbors. GO

Cook Inlet Asset Offering

July 27, 2015

ANCHORAGE, Alaska - ConocoPhillips Alaska (COPA) is in the initial stages of marketing its North Cook Inlet Unit and interest in Beluga River Unit. The company regularly reviews its assets to ensure the asset portfolio is optimized; this is an ongoing part of managing the business.

While historically significant to the company’s investment in Alaska, the North Cook Inlet and Beluga River units are mature fields that are no longer considered core to Alaska operations. The focus will be on the company’s current North Slope operations, including the Alaska LNG project.

In 2015, ConocoPhillips plans to invest more than $1.4 billion in capital projects, including CD5, Kuparuk Drill Site 2S and viscous oil development 1H NEWS. These projects will help offset production decline, sending new barrels of oil into the Trans-Alaska Pipeline System.

COPA believes the North Cook Inlet and Beluga River units are important assets that offer good opportunities for the right buyer. Development of a data room for the sale is in progress, and is expected to open in early August.

The Kenai LNG Plant is not part of the sale offer.