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Achim Raschka
This occurs as the government of US President Donald Trump promotes heightened energy output in the state.
Research firm Wood Mackenzie reports that capital investment in Alaska's oil industry hit a record $5 billion in 2025, rising from $4.1 billion in 2024.
In March, numerous firms, such as ExxonMobil, Shell, and Repsol, spent a combined total of $163 million for leases aimed at developing areas in the National Petroleum Reserve in Alaska (NPRA).
The Australian company Santos and the American company ConocoPhillips have also applied for leases to explore and develop new fields in that area.
The Pikka field, being developed by Santos and Repsol, is projected to start production as soon as May and yield as much as 80,000 barrels daily. ConocoPhillips' Willow field is set to commence production in 2029 and is anticipated to yield 180,000 barrels daily.
source: ft.com
Research firm Wood Mackenzie reports that capital investment in Alaska's oil industry hit a record $5 billion in 2025, rising from $4.1 billion in 2024.
In March, numerous firms, such as ExxonMobil, Shell, and Repsol, spent a combined total of $163 million for leases aimed at developing areas in the National Petroleum Reserve in Alaska (NPRA).
The Australian company Santos and the American company ConocoPhillips have also applied for leases to explore and develop new fields in that area.
The Pikka field, being developed by Santos and Repsol, is projected to start production as soon as May and yield as much as 80,000 barrels daily. ConocoPhillips' Willow field is set to commence production in 2029 and is anticipated to yield 180,000 barrels daily.
source: ft.com
