ConocoPhillips Announces Funding Approval for Kuparuk ConocoPhillips Alaska Inc. yesterday announced that the Kuparuk viscous oil development 1H NEWS (Northeast West Sak) has been approved for funding by ConocoPhillips and the Kuparuk co-owners. Plans for engineering have been ongoing, and construction will now move forward. This is the largest investment in viscous oil at Kuparuk since 2004, and it is [...]