Alaska’s Willow project faces regulatory uncertainty
Even a completed environmental assessment might not guarantee progress
The US Bureau of Land Management (BLM) published its final Supplemental Environmental Impact Assessment (SEIS) for ConocoPhillips’ Willow oil project in early February. The assessment identified a preference for “Alternative E”, comprising a scaled-back development option with three drill sites and the potential for a fourth. But the future of the project in the federally owned and managed National Petroleum Reserve-Alaska (NPR-A) remains in doubt, even with Alaskan state officials sending letters of support to the BLM in recent months. “We are awaiting the final Record of Decision [ROD] following the SEIS,” Mark Oberstoetter, head of Americas non-L48 upstream research at Edinburgh-based con
Also in this section
18 December 2024
The December/January issue of Petroleum Economist is out now!
17 December 2024
Structurally lower GDP growth and the need for a different economic model will contribute to a significant slowdown
17 December 2024
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy
17 December 2024
The incoming administration is expected to quickly change-up the LNG approvals process and boost several major projects to FID. But market fundamentals still matter