• Overcast
  • 48°
    Overcast
  • Comment

ConocoPhillips budgets $1.7B for Alaska work

Posted: December 10, 2013 - 7:42am

JUNEAU — ConocoPhillips is budgeting $1.7 billion for 2014 capital costs in Alaska, twice what it says it spent in 2012 and $600 million more than was budgeted for 2013.

The company in a release says the larger budget reflects increased spending on the long-planned CD-5 development within the National Petroleum Reserve-Alaska and increased activity due to the oil tax cut passed by the Legislature earlier this year.

Spokeswoman Natalie Lowman says funding also is included for exploration, including two wells in the Greater Moose’s Tooth unit, and major maintenance.

She says the tax cut has improved the likelihood of projects ConocoPhillips added to its list following passage of the law moving ahead, including a new drill site at Kuparuk and Greater Moose’s Tooth.

ConocoPhillips’ total 2014 capital budget is $16.7 billion.

  • Comment

Spotted

Please Note: You may have disabled JavaScript and/or CSS. Although this news content will be accessible, certain functionality is unavailable.

Skip to News

« back

next »

  • title http://spotted.juneauempire.com/galleries/377423/ http://spotted.juneauempire.com/galleries/377418/ http://spotted.juneauempire.com/galleries/377413/
  • title http://spotted.juneauempire.com/galleries/377408/ http://spotted.juneauempire.com/galleries/377403/ http://spotted.juneauempire.com/galleries/377398/
  • title http://spotted.juneauempire.com/galleries/377393/ http://spotted.juneauempire.com/galleries/377388/
Home High School Soccer Action

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-3028
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING