Let’s Weigh In On Alaska’s NPRA Willow Prospect!
This Alert thankfully created by our friends at Resource Development Council of Alaska! (Note: A simple comment means much and only takes a few minuts. Let our readers be heard!)
The Bureau of Land Management (BLM) is now taking public comments for the Master Development Plan Environmental Impact Statement (MDP/EIS) for the Willow oil and gas prospect within the Bear Tooth Unit of the National Petroleum Reserve-Alaska (NPR-A).
The MDP/EIS will analyze the environmental impacts and appropriate mitigation measures for the Willow prospect, which may include one central processing facility, an infrastructure pad, up to five drill pads, access and infield roads, an airstrip, pipelines, a gravel mine, and a temporary island to support module delivery via sealift barges.
Recent exploration indicates there could be 400 million to 750 million barrels of recoverable oil at Willow, with more upside potential. ConocoPhillips believes the resource estimate is sufficient to justify a stand-alone hub. It estimates first oil can be achieved by 2024 or 2025 for approximately $2-$3 billion spent over the course of four to five years after a final investment decision. It estimates an additional $3 billion of cumulative capital will be spent over multiple years to maintain production at the facility.
Please submit comments supporting development of the Willow prospect and if possible, voice your support at one of the public hearings. The Fairbanks hearing will be held on Wednesday, August 22nd with Anchorage following on Thursday, August 23rd. Please see the RDC Action Alert for hearing locations, comment points and additional information.