Anchorage, Alaska – ConocoPhillips Alaska announced today that the Coyote 3SX development in the Kuparuk River Unit (KRU) on State land has achieved first oil ahead of schedule and under budget on Friday, Aug. 7, 2026. Funding for the approximately $800 million project was approved in October 2025, and construction began in early 2026.
“Coyote 3SX demonstrates our commitment to maximizing the value of our legacy assets while continuing to deliver safe, reliable domestic production,” said Erec Isaacson, president, ConocoPhillips Alaska. “The additional pipeline required for the project will support increased production from Coyote as volumes rise in 2026 and beyond.”
The Coyote 3SX development marks an important milestone in the company’s long-term commitment to responsible energy development on Alaska’s North Slope. By leveraging existing infrastructure, the development efficiently brings new production online in the KRU while supporting Alaska jobs, strengthening throughput in the Trans-Alaska Pipeline System and generating benefits for local, state and federal governments.
At peak construction in April 2026, there were approximately 365 workers on the project. Expected peak oil rate is 12,000 barrels per day gross. “The Coyote project is a testament to the hard work, commitment to safety and excellence of our dedicated team,” remarked Isaacson.
ConocoPhillips Alaska invests approximately $1 billion each year to sustain and grow its Alaska legacy assets through projects such as Coyote. A stable, predicable fiscal framework supports the long-term investment needed to strengthen production, support Alaska jobs and deliver continued benefits to the state.
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About ConocoPhillips Alaska
ConocoPhillips Alaska has been a leader within Alaska’s oil industry for more than 50 years. The company is committed to operating with the highest safety standards, responsibly developing Alaska’s resources, promoting economic opportunity for Alaska, and being a valuable community partner. For more information, visit www.conocophillipsalaska.com.
Contact
Megan Olson, Director, Communications and Community Investment
907-350-7453, megan.olson@conocophillips.com
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Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. We may use the term “resource” in this news release that the SEC’s guidelines prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other reports and filings with the SEC. Copies are available from the SEC and from the ConocoPhillips website.
